COMMENT I find Prime Minister Najib Abdul Razak’s explanation on 1Malaysia Development Berhad’s (1MDB) failure to pay US$50.3 million in interest on another bond, simply appalling.

The company is involved in a worldwide scandal which is being investigated by federal agencies across a number of countries like the United States of America, Switzerland, United Kingdom, Hong Kong, Seychelles and Singapore.

Singapore has, in fact, prosecuted a few of its bankers suspected of being involved with money-laundering related to 1MDB, while two key figures formerly from International Petroleum Investment Company (IPIC) are currently being investigated.