'Mini 1MDBs' rife across Malaysia, says Daim

(June 11): Malaysia has discovered “many mini 1MDBs” in its campaign to root out corruption in the state, according to a top adviser to Prime Minister Mahathir Mohamad, signalling the wrongdoing unearthed at the debt-ridden fund may be more widespread.

Daim Zainuddin, 80, who was appointed by Mahathir to head up a Council of Eminent Persons to advise the new government on how to meet its campaign pledges, found indications of multiple criminal breaches of trust based on his meetings with dozens of state institutions and government-linked companies. He will submit his findings to the premier.

“There are so many mini 1MDBs,” he said in a Sunday interview in Kuala Lumpur. “I’m surprised at the loss. I’m still gathering all the total. But it’s big. If you add it up, it’s big. Very big.”

---

Related Stories

• Mahathir's former adviser, Daim, charged in Malaysian graft probe
• Ex-Goldman banker Ng in Malaysia for 1MDB probe, according to a report
• MAS bans former Goldman Sachs (Singapore) MD Roger Ng for life

---