Sepang MP Mohamed Hanipa Maidin has rejected the explanation offered by Finance Minister Tengku Zafrul Abdul Aziz on why three government-linked banks provided RM2.51 billion in unsecured loans to Genting Hong Kong Ltd.

"Having duly considered his aforementioned statements, I must say that, with due respect, his reasons are too pathetic.

"In fact, they are devoid of any merit....