PUTRAJAYA: A member of 1Malaysia Development Berhad's (1MDB) board of directors used the word 'scam' to describe some investments made by the sovereign fund. Speaking to reporters at a press conference, here, Finance Minister Lim Guan Eng said 1MDB director Datuk Kamal Mohd Ali stated this during a meeting today. "The board of directors claimed they have repeatedly disputed the value and even the existence of these investments during the monthly board meetings. Lim added that Kamal called these 1MDB investments a 'scam'. We will submit the PwC report to the 1MDB Special Committee set up by the Prime Minister once it is completed," Lim added.

Source: New Strait Times May 23, 2018 12:56 UTC