Singapore Central Bank assists corruption probe

Singapore’s central bank is cooperating with Malaysia over a probe into allegations regarding transfers totalling almost $700 million into the Prime Minister’s personal accounts. Malaysian authorities say they are freezing six accounts related to the probe. The Monetary Authority of Singapore:

The Malaysian authorities have launched an investigation into this matter. Singapore will continue to provide our full assistance and share information with the authorities in Malaysia, within the ambit of our laws. In this connection, MAS has been in close contact with the relevant financial institutions.