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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

The CAD-MAS statement also reveals that Singapore is cooperating with the US authorities - the first official sign that the US is looking into the 1MDB case. Before this, the only indication that the Americans were on the trail came from media reports quoting unnamed sources.


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...