I spoke the truth directly, which was, the funding for my past employer got stalled and new money - the last leg of finance dint come for 11 months and eventually salaries were stalled. Then I was asked, why was the funding stalled & I gave an unambiguous reply, that the MD-CEO made impulsive decisions & made several non budgeted big ticket purchases, where by the surplus funds / buffers to complete the project got dried. The interviewer did not like my upfront submission & said I might not be fully understanding the reasons behind for such big ticket purchases. Which was not the case.