Thursday 23 April 2015

Quickies : Not Responsible!

No cash in 1MDB’s Singapore account

BSI Singapore alerts Singapore authorities that 1MDB CEO Arul Kanda supplied false documents.

1MDB, touted as a strategic investment arm, comes under the oversight of Prime Minister Najib Abdul Razak who also doubles as Finance Minister. 

1MDB has chalked up debts of RM42 billion within five years.

Najib told Parliament on March 11, in reply to questions from Petaling Jaya Utara MP Tony Pua, that “the remaining USD1.103 billion had already been redeemed from Brazen Sky’s offshore fund in the Cayman Islands and was now being ‘kept in US currency’ at BSI Bank Limited, Singapore”.

Not Responsible says Najib!

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