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DAP politician presses KL for update on 1MDB's US$1b in BSI Singapore

Meanwhile, BSI says it continues to operate normally as the withdrawal of its merchant bank status will take place only later
Thursday, May 26, 2016 - 05:50
1MDB26.jpg
A malaysian opposition lawmaker has demanded to know Putrajaya's plans for retrieving the US$1 billion which the troubled 1MDB has in BSI Bank Singapore, following the move by the Monetary Authority of Singapore (MAS) to shut down the bank for breaching anti-money laundering rules in connection with the state-owned entity.

Kuala Lumpur

A MALAYSIAN opposition lawmaker has demanded to know Putrajaya's plans for retrieving the US$1 billion which the troubled 1MDB has in BSI Bank Singapore, following the move by the Monetary Authority of Singapore (MAS) to shut down the bank for breaching anti-money laundering

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