Cayman Islands funds now in assets, not just cash

comments     Kow Gah Chie     Published     Updated

The Finance Ministry has corrected its parliamentary written reply in March that said the US$1.1 billion (RM3.97 billion) transferred by 1Malaysia Development Bhd (1MDB) from Cayman Islands to Singapore was in cash.

According to the latest written reply to Petaling Jaya Utara MP Tony Pua, the Finance Ministry said the money that was "redeemed" was in the form of assets in US dollars.

For the rest of this story and more, subscribe for only RM150 a year. If you're already a subscriber, please sign in.

Sign in Subscribe now


Malaysiakini
news and views that matter


Sign In