Bank accounts seized here in relation to 1MDB case
CAD, MAS say a probe is on into possible money- laundering, in response to media queries
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Singapore
A "LARGE number" of bank accounts have been seized by the Commercial Affairs Department (CAD) and the Monetary Authority of Singapore (MAS) in connection with investigations into possible money-laundering and other offences carried out here, the two bodies said in a joint statement on Monday evening.
The two-paragraph statement, coming in response to media queries related to 1Malaysia Development Berhad (1MDB), also revealed that Singapore is cooperating with the US authorities - the first official sign that the US is looking into the 1MDB case.
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