Malaysiakini News

1MDB's RM4bil Cayman funds now in S'pore bank

Ram Anand  |  Published:  |  Modified:

PARLIAMENT The balance of US$1.103 billion that 1Malaysia Development Bhd (1MDB) had invested in a Cayman Islands fund has been brought back but is being kept in a Singapore bank, the government said.

In a written answer to Tony Pua (DAP-Petaling Jaya Utara), the Finance Ministry said the amount, equivalent to more than RM4 billion, has been parked in BSI Bank Limited Singapore (BSI Singapore).

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