Finance Minister Lim Guan Eng has claimed that one of 1MDB's directors admitted that the alleged US$2.5 billion (RM9.8 billion) in 'fund units' investments were a scam.

He told reporters this after a briefing by 1MDB directors Norazman Ayob and Kamal Mohd Ali, president and CEO Arul Kanda Kandasamy, former CFO Azmi Tahir and former general counsel Ivan Chen at his office in Putrajaya this evening...