Mahathir questions if 1MDB was involved in money laundering

Published Thu, May 28, 2015 · 05:57 AM

[PETALING JAYA] Former prime minister Dr Mahathir Mohamad has questioned whether 1Malaysia Development Berhad (1MDB) was involved in money laundering.

In a blog post on Thursday, Dr Mahathir suggested that the explanation that US$1 billion (S$1.35 billion) was being kept in Singapore to facilitate withdrawals, as Bank Negara would disrupt transactions of more than US$50 million, did not add up.