KUALA LUMPUR: The balance of 1Malaysia Development Bhd’s (1MDB) investment managed by the Cayman Monetary Authority amounting to US$1.103bil (RM4bil) has been redeemed in the form of assets, and not in cash, said Prime Minister Datuk Seri Najib Tun Razak.
Najib, who is also the Finance Minister, gave a written reply to Tony Pua (DAP-Petaling Jaya Utara) at the Dewan Rakyat yesterday in response to Pua’s query on whether 1MDB still had the cash in BSI Bank (Singapore) Ltd, based on a March 10 written reply from the Finance Ministry.
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