Pua said the federal government had already paid 1MDB the full RM2.7 billion cost of relocating the air force base at Sungai Besi, the site of the Bandar Malaysia development, which was sold to 1MDB in 2012.

1MDB had also taken an additional RM2.4 billion sukuk bond, of which RM1.63 billion has been drawn down for the Bandar Malaysia deal, he said.

However only RM800 million of the relocation contract had been paid, with RM1.9 billion outstanding, said Pua, who is MP for Petaling Jaya Utara. He accused 1MDB of not answering the question of where all the billions received by 1MDB had gone.

Pua said that any payments from the consortium appointed to develop Bandar Malaysia must be returned to the federal government and not held by 1MDB as “undeserved income”.

“It will be a major travesty to the Malaysian taxpayers if they had to foot the bill for the massive RM2.7 billion relocation cost, and yet 1MDB gets to profit from the taxpayers’ burden,” he said. The taxpayer would be cheated by a double-whammy if the relocation costs were not refunded to the federal government.

Pua accused the federal government of having indirectly bailing out 1MDB, whose debts amount to some RM42 billion, by selling the Bandar Malaysia land to 1MDB “super cheap” at RM1.6 billion.

1MDB has announced it would sell 60 per cent of the land, for RM7.41 billion, to a consortium comprising Iskandar Waterfront Holdings and China Railway Company which would develop the property.