Home GRASP GRASP/China Stolen 1MDB funds stashed in Singapore, Hong Kong, says editor

Stolen 1MDB funds stashed in Singapore, Hong Kong, says editor

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LARGE sums of money syphoned from the 1Malaysia Development Berhad (1MDB) state investment fund could still be hidden in Hong Kong and Singapore, the British journalist instrumental in exposing the multi-billion dollar scandal said.
LARGE sums of money syphoned from the 1Malaysia Development Berhad (1MDB) state investment fund could still be hidden in Hong Kong and Singapore, the British journalist instrumental in exposing the multi-billion dollar scandal said.
Clare Rewcastle-Brown, the editor of Sarawak Report said more information on the matter would soon emerge as there was still information to be uncovered on “secret deals” to that place in Singapore, one of the countries investigating the case.
“I think there are still secrets to come out of Singapore on 1MDB, and probably Malaysians will want to prise them out,” she said, as quoted by the South China Morning Post .
Clare Rewcastle-Brown was in Hong Kong to promote her book “The Sarawak Report: The Inside Story of the 1MDB Expose” at the Foreign Correspondents Club in the island city.
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The scandal has rocked Malaysia’s political landscape in recent years, and has seen the downfall of former Prime Minister Najib Razak being charged with 38 counts of criminal breach of trust and graft related to 1MDB, which he formed in 2009 to undertake a myriad of infrastructure projects.
The scandal has also implicated Najib’s family members and close associates, including his wife, Rosmah Mansor.

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