Singapore's 1MDB probe appears centred on its Cayman investments

Singapore

SINGAPORE authorities are probing "complex and layered transactions" with "cross-border elements" involving many shell companies in their investigations into 1Malaysia Development Berhad (1MDB), according to prosecutors here.

This was revealed by Singapore's chief prosecutor Tan Ken Hwee at the third mention in the state court in the case involving Kelvin Ang Wee Keng, who was charged with corrupt transactions in an ongoing probe into 1MDB.

While the court submission again made no mention of 1MDB, it is widely accepted the case involves the probe into the money trail of Malay- sia's troubled state-backed firm.

"Unravelling, unpacking, and comprehensively analysing all the transactions has taken and will continue to take a significant amount of t…