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.
Singapore police freeze two bank accounts as part of an investigation linked to Malaysian sovereign fund 1MDB, which is being probed by authorities in Malaysia for financial mismanagement and graft. Singapore Police Force:
We understand that the Malaysian authorities have launched investigations into certain matters related to 1MDB. Singapore will continue to provide our full assistance and share information with the relevant authorities in Malaysia, within the ambit of our laws and international obligations.
Motorists on the Bukit Timah Expressway in Singapore find money strewn all over the road. Witness:
But when I slowed down for a closer look at one of them, I discovered that it was actually a RM50 [50 Malaysian ringgit] bill.