Singapore names Jho Low as person of interest in 1MDB-linked probe
[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.
Full story here.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Economy & Policy
Daily Debrief: What Happened Today (Apr 26)
Singapore must prepare for slower growth at higher costs: MAS
Outgoing Singapore, Indonesia leaders to hold their final retreat in Bogor on Apr 29
Singapore factory output reverses into negative territory in March, down 9.2%
Singapore’s growth should strengthen to ‘around potential rate’, output gap to close by end-2024: MAS
Gan Kim Yong visits US and Canada; to mark 20th anniversary of US-Singapore FTA