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

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).

Unlocking Article
Read more from this author :
Read more like this :
View Comments
Most Read
Most Commented
Most Recent