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.
Read more HERE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
EU, ISSB agree on minimising overlaps in company climate disclosures
US law firm Mayer Brown to split from Hong Kong partnership
US labour costs rise by most in a year as productivity cools
US trade deficit narrows slightly in March
Canada posts surprise trade deficit as gold exports fell in March
OECD upgrades global growth outlook as US outperforms