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

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 rules in connection with the state-owned entity.

Tony Pua of the Democratic Action Party (DAP) has sought confirmation that the Malaysian authorities are looking into bringing back the funds, even as the developments in Singapore and Switzerland have been met with resounding silence from Putrajaya.