Another bank in S'pore linked to 1MDB controversy
US$20m wired in 2009 from an account with RBS Coutts' Singapore branch to Saudi businessman Tarek Obaid
Add BT as a preferred source
Anita Gabriel
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
SINGAPORE-based banks' involvement in the 1Malaysia Development Bhd (1MDB) controversy may not just be limited to Swiss wealth bank BSI Singapore, but could also involve British bank RBS Coutts.
Documents obtained by The Business Times reveal that US$20 million had been wired, in late September 2009, from an account with RBS Coutts' Singapore branch under "Acme Time Limited" to Saudi businessman Tarek Obaid.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Mustafa Centre begins fit-out at JB’s Capital City Mall after 2-year delay
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
Aiming at China, Malaysia puts new restrictions on electric cars
Singapore tightens monetary policy for first time since 2022, raises inflation forecasts amid Iran war oil shock
