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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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Published Mon, Feb 1, 2016 · 09:50 PM

    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.

    Monetary Authority of SingaporeNajib Razak

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