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After BSI, mystery bank now custodian of Brazen Sky's 'units'
Published:  Oct 24, 2016 12:18 PM
Updated: 4:56 AM

The Finance Ministry has confirmed that a new bank has taken over BSI Bank's functions as custodian bank for Brazen Sky Limited - a key component of the 1MDB controversy.

However, the ministry, in a parliamentary written reply, has refused to name the new bank.

"Brazen Sky Limited's units are managed by a fund manager. The purpose of the fund manager is different from the function of a custodian bank, which among others, acts as an intermediary.

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