BGM was used to re-route money creamed off from 1MDB into two other entities — Bridgerock Investment Inc (BR) and GTB Investment Ltd (GTB). For example, when instructing Goh’s bank in Hong Kong to transfer the funds, Yeo told Goh to indicate that these were “investment fees” instead of “referral fees”. “The only [thing that] came to my mind was it was very inconvenient,” Goh told the court. “There was a construction site near where my mom stayed, where I'm staying, and I procured it from one of the construction workers there,” Goh told the court. It was during this journey that Yeo told Goh: “This was the best solution, the only solution”.

Source: The Edge Markets November 03, 2016 16:36 UTC