The Business Times

International

The Business Times
Subscribe
Share on FacebookShare on TwitterView more
The Business Times
Create a free account with Business Times for seamless access across SPH Media products.
REGISTER
LOGIN

International

SUBSCRIBERS

1MDB shouldn't keep funds overseas: Daim

Nexus between business and politics is inevitable and won't go away soon, he tells business conference

Published Fri, Nov 7, 2014 · 09:50 PM
Share this article.

Kuala Lumpur

DAIM Zainuddin, who served twice as finance minister during Mahathir Mohamad's 22-year administration, has said government-owned fund 1Malaysia Development Bhd (1MDB) should not keep money overseas, according to Malaysian daily The Star.

"The fear by most people is that this is too secretive. The board should come out and explain. Why money should be put in Cayman Islands?" he asked.

Mr Daim, 76, was speaking at a luncheon talk on Friday on "Politics and the Business Com…

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

International

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here