Putrajaya took an RM2 billion loan to purchase a 51 percent stake in the Exchange 106 development, the land for which 1MDB had initially sold off to Indonesia's Mulia Group, PKR vice-president Rafizi Ramli has claimed.

Citing a "Statement of Particulars To Be Lodged With Charge" filed with the Companies Commission of Malaysia (CCM), Rafizi said the said land was charged to the bank in exchange for an RM2 billion loan from HSBC Bank.

"The RM2 billion was raised through a bank loan by collateralising the government's interest in the project...