Asked about offshore funds retrieval, Zafrul explains the accounts process
PARLIAMENT | In response to a question from former finance minister Lim Guan Eng as to how Malaysia intended to retrieve funds that were deposited in foreign offshore accounts, current minister Tengku Zafrul Abdul Aziz seemed to sidestep the question by saying that as long as due diligence is observed, Malaysians can open bank accounts outside the country.
“Any individual can open an account with any licenced bank, including in offshore accounts, under existing laws...
Verifying user
RM12.50 / month
- Unlimited access to award-winning journalism
- Comment and share your opinions on all our articles
- Gift interesting stories to your friends
- Tax deductable