KUALA LUMPUR: A sum of US$1.103bil (RM4.08bil) that was previously parked in the Cayman Islands by 1Malaysia Development Bhd (1MDB) has been transferred to Singapore, said Finance Minister Datuk Seri Najib Tun Razak.
“The remaining US$1.103bil in 1MDB’s investment funds managed by Cayman (Islands) Monetary Authority has been redeemed and is kept in US currency at BSI Bank Ltd Singapore (BSI Singapore),” he said in a written reply to the Dewan Rakyat in response to a question raised by Petaling Jaya North MP Tony Pua.
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