KUALA LUMPUR: About RM4bil of 1Malaysia Development Bhd (1MDB)'s investment funds in the Cayman Islands was transferred to a Singaporean Bank to ease the facilitation of transactions, said Datuk Seri Najib Tun Razak.
"The remaining US$1.103bil (RM4.08bil) of 1MDB's investment funds managed by the Cayman Monetory Autority has been redeemed in cash and is kept in US currency by the BSI Bank Limited Singapore (BSI Singapore)," said the Finance Minister in a written reply to a question raised by Tony Pua (PKR-Petaling Jaya Utara) in the Dewan Rakyat Wednesday.
Already a subscriber? Log in
Get 20% OFF The Star Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
