Former prime minister Najib Abdul Razak has once again challenged the Pakatan Harapan government to make public details of 1MDB's settlements with the International Petroleum Investment Company (IPIC) in 2015 and 2017.
"If the government is sincere in upholding the truth and is just to me, release the settlements in its entirety immediately, and don't hide behind the Official Secrets Act," Najib said on Facebook.
He also repeated calls for Putrajaya to question the Abu Dhabi firm's senior officers and to find out who else from IPIC's side was involved in the deal.
In 2015, IPIC agreed to lend US$1 billion to 1MDB, which at the time was struggling to pay back bank loans.
The deal later turned sour, and IPIC backed out from the deal and demanded its money back.
1MDB and IPIC reached a settlement in April 2017, which saw the Malaysian firm pay back US$1 billion plus RM200 million in interest.
However, Najib had on Tuesday claimed that part of the 2017 agreement was that IPIC would return US$3.5 billion to 1MDB by 2020.
This detail was not included in IPIC's filing to the London Stock Exchange, which merely mentioned that both the Abu Dhabi firm and 1MDB "agreed to enter into good faith discussions" over payments the latter made to "certain entities".
It was, however, detailed in a Straits Times report prior to the settlement being announced, in which sources said 1MDB can pursue legal action against IPIC if the latter does not fully return the US$3.5 billion.
The US$3.5 billion refers to funds 1MDB was supposed to repay to IPIC subsidiary Aabar Investments PJS, which the Abu Dhabi firm said it did not receive.
It has been revealed that 1MDB had instead channelled payments to a British Virgin Islands company with a similar name but unrelated to IPIC – Aabar Investments PJS Limited (Aabar BVI) – which was then allegedly misappropriated by fugitive businessperson Low Taek Jho and his associates.
On Thursday, Najib, together with former Treasury secretary-general Irwan Serigar Abdullah, was slapped with six charges over 1MDB's 2017 settlement with IPIC.
Sources claimed that the duo had misdirected government funds, including an allocation for 1Malaysia People's Aid (BR1M) to pay IPIC.
