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Singapore names Jho Low as person of interest in 1MDB-linked probe

Thursday, November 10, 2016 - 13:42

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The Commercial Affairs Department said on Thursday it is investigating elusive Malaysin tycoon Jho Low, his close business associate Eric Tan Kim Loong, and Mohamed Badawy Al Husseiny in relation to the money laundering operation linked to scandal-hit Malaysian state fund 1MDB.

[SINGAPORE] The Commercial Affairs Department said on Thursday it is investigating elusive Malaysin tycoon Jho Low, his close business associate Eric Tan Kim Loong, and Mohamed Badawy Al Husseiny in relation to the money laundering operation linked to scandal-hit Malaysian state fund 1MDB.

CAD investigation officer Oh Yong Yang told the court on day 8 of the trial of former BSI banker Yeo Jiawei that the three men are "persons of interest" in the CADs probe of the "complex, sophisticated and largest money laundering case involving billions of dollars in transactions" linked to 1MDB.

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