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SRC money frozen in BSI Bank, says Finance Minister II

Finance Ministry-owned SRC International's invested money is stuck in BSI Bank as the Swiss bank is under investigation linked to 1MDB, said Finance Minister II Johari Abdul Ghani.

"Most of their (SRC) money that has been invested, they parked it under BSI Bank.

"Because BSI bank is under investigation, I was told by the management of SRC that the money is in BSI bank but it was frozen and therefore they cannot take back the money.

"But I cannot give you the details any more than that," he told reporters after his keynote address at the 21st Malaysian Capital Market Summit at the Seri Pacific Hotel in Kuala Lumpur today.

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