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Issues  |  MARCH 26, 2013 4:00AM

Multi-billion RM unanswered questions over 1MDB

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It has been described as biggest ponzi scheme the nation has ever seen. When one examines the trail of of deals made by 1Malaysia Development Bhd, including RM20 billion in bonds and acquisition of dubious assets and even more dubious partners, there is plenty – and we mean plenty – to worry about. The ultimate conclusion is that this self-styled strategic investment fund does not at all appear to be so both in terms of its operations and the areas it has chosen to operate in, leaving unanswered questions over governance, transparency and accountability.



 
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