Well, well, looks like there's a Singaporean link to the whole 1Malaysia Development Berhad (1MDB) saga after all. Police have confirmed that they've frozen two bank accounts as part of an investigation linked to the controversial Malaysian sovereign fund.
Currently being scrutinised by Malaysian authorities for financial mismanagement and graft, the Singapore Police Force issued a statement today to The Business Times that they've issued orders on Jul 15 under the Criminal Procedure Code to prohibit any dealings in respect of money in two unnamed bank accounts.
The Wall Street Journal were the ones who first alleged Malaysian prime minister Najib Razak to have misappropriated around USD700 million, which ended up in his personal bank accounts. Both he and 1MDB have profusely denied the allegations of graft.
The bank or the accounts in subject cannot be named as investigations are still ongoing.
Photo: 1MDB Facebook page
Well, well, looks like there's a Singaporean link to the whole 1Malaysia Development Berhad (1MDB) saga after all. Police have confirmed that they've frozen two bank accounts as part of an investigation linked to the controversial Malaysian sovereign fund.
Currently being scrutinised by Malaysian authorities for financial mismanagement and graft, the Singapore Police Force issued a statement today to The Business Times that they've issued orders on Jul 15 under the Criminal Procedure Code to prohibit any dealings in respect of money in two unnamed bank accounts.
The Wall Street Journal were the ones who first alleged Malaysian prime minister Najib Razak to have misappropriated around USD700 million, which ended up in his personal bank accounts. Both he and 1MDB have profusely denied the allegations of graft.
The bank or the accounts in subject cannot be named as investigations are still ongoing.
Photo: 1MDB Facebook page