The sum included payments made to Abu Dhabi fund IPIC as part of a settlement agreement amounting to RM5.05 billion, he said.

“The above confirms the public suspicion that 1MDB had essentially deceived Malaysians by claiming that they have been paid via a “successful rationalisation exercise,” he said.

“All these while it has been the MoF (finance ministry) who has bailed out 1MDB.”

He said the previous government has “conducted an exercise of deception”, not just over 1MDB, and misrepresented the financial situation in Parliament.

Lim, who was sworn in as finance minister yesterday, said Treasury officials and the the auditor-general were not able to access certain accounts and reports.

“A thorough investigation and discovery is still ongoing to uncover the necessary financial information and data,” he added.