UNDER pressure for keeping a large amount of money outside the country since 2010, the board of 1Malaysia Development Bhd (1MDB) has resolved to bring funds back in the current financial year of operations.
Towards this end, it is learnt that the board of 1MDB, headed by Tan Sri Lodin Wok Kamaruddin, has told the management that a sum of US$2.3bil (RM7.42bil) that is kept in a private bank in Switzerland and managed by a company based in Hong Kong has to be brought back for projects locally.
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