Singapore seizes bank accounts with potential 1MDB links

Authorities from the city state added yesterday that they are investigating “possible money laundering and other offences carried out in Singapore” linked to troubled Malaysian state investment fund 1Malaysia Development Berhad (1MDB). The Monetary Authority of Singapore (MAS) and the Commercial Affairs Department (CAD) said in a statement that they are working with counterparts in Malaysia, US and Switzerland, without giving specific details…

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