Daim: 1MDB should not keep funds overseas

Daim: 'We are entitled to some answers'

KUALA LUMPUR: Tun Daim Zainuddin, who served twice as finance minister during Tun Dr Mahathir Mohamad’s administration, broke his silence on 1Malaysia Development Bhd (1MDB), saying the Federal Government owned fund should not keep its money overseas.

“The fear by most people is that this is too secretive. The board should come out and explain. Why money should be put in Cayman Islands?” he asked. Daim, 76, was speaking at a luncheon talk yesterday on “Politics and the Business Community – A Holy Alliance or a Devil’s Pact?” organised by Malaysian Industrial Development Finance Bhd.