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1MBD Starts to Come Apart
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1MBD Starts to Come Apart

John Berthelsen's avatar
John Berthelsen
May 26, 2016
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Asia Sentinel
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1MBD Starts to Come Apart
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The decision on May 24 by the Monetary Authority of Singapore to force the closure of BSI Bank Ltd – the first merchant bank to be closed in Singapore in 32 years – means that after months of last-ditch defense in Malaysia, the scandal over the state-backed 1Malaysia Development Bhd is finally starting to unravel in legal jurisdictions across the world.

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