KUALA LUMPUR, Sept 8 (Bernama) -- Bursa Malaysia closed almost flat on Tuesday as buying interest rotated away from index heavyweights towards smaller-cap construction stocks, with sentiment affected by geopolitical uncertainty, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.39 of a point to 1,714.40 from Monday’s close of 1,714.79. The benchmark index opened 1.65 points lower at 1,713.14 and moved between 1,710.44 and 1,714.50 throughout the trading session. The broader market was almost evenly balanced, with decliners leading gainers 548 to 546, while 598 counters were unchanged, 1,107 were untraded and 25 were suspended. Turnover expanded to 4.13 billion units valued at RM3.14 billion from 3.60 billion units valued at RM2.45 billion on Monday.
Yak Yew Chee, a senior banker at Swiss-based BSI Singapore , has emerged for the first time as a key figure in Singapore's money laundering probe, according to documents released at Singapore High Court last week . According to Reuters report, Yak was not personally at the Singapore High Court on Friday, when he sought to unfreeze his Singapore funds to pay taxes and legal fees. His lawyer agreed to withdraw the petition after the prosecutor raised no objection in allowing Yak to transfer S$1.76 million (US$1.3 million) from his overseas bank accounts. In an affidavit filed at the court, he denied any wrongdoing or getting unlawful benefits from managing the accounts of 1MDB or its affiliates. Singapore authorities are conducting a money laundering probe into bank accounts linked to 1MDB, whose activities have triggered legal action across three continents. Some of the accounts Singapore is probing belong to Yak and have been frozen together with S$9.7 million of his f...