Bumiputra Malaysia Finance
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Bumiputra Finance Scandal (BMF): The Money Lost in Hong Kong
Only after a bank employee was murdered did Malaysia clearly see the black hole in BMF's ledgers
In July 1983, Jalil Ibrahim was murdered in Hong Kong. Beside the murder case were the massive loans granted by BMF to real estate groups like Carrian, and a regulatory mechanism that had long been dysfunctional. The money could be replenished, but was accountability pursued to the very end?