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Sovereign Wealth Funds Briefing - Categorized | Market, People

1MDB scandal is quite damaging, concedes Nazir

Posted on 27 September 2016

In an interview with the magazine Euromoney, CIMB bank chairperson Nazir Razak shares his views on the 1MDB scandal and being dragged into the imbroglio. Published in its September issue, the article’s writer noted how two days before the meeting with Nazir, a brother of Prime Minister Najib Abdul Razak, the United States Department of Justice filed a civil suit in relation to alleged abuse of 1MDB funds.
“When you agree to an interview, you don’t imagine what’s going to happen two days beforehand,” Nazir had told the writer, who claimed that the banker honoured the interview against the advice of his communications advisers, “three of whom joined us in the room with a barrage of notebooks and tape recorders”……………………………………..Full Article: Source


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