MAS will assist Malaysia in its 1MDB investigation ‘where it is legally able to’

Things are moving fast over in Malaysia.

SinceWall Street Journal‘s exposé last week — accusing Prime Minister Najib Razak of funneling US$700 million from indebted sovereign investment fund 1MDB into his personal bank accounts  — six bank accounts have been frozen, damning documents released and offices raided.

 

Malaysian Prime Minister under fire from Wall Street Journal

According to The Wall Street Journal, Malaysian Prime Minister Najib Razak funneled US$700 million into his personal bank accounts from indebted sovereign investment fund 1MDB.

Posted by Coconuts TV on Tuesday, 7 July 2015

Here in the Little Red Dot, the Monetary Authority of Singapore has announced that it will provide assistance to Malaysia “and share information where it is legally able to,” reports Channel NewsAsia.

The report cites a spokesman who confirmed that MAS is liaiising with financial institutions. “MAS did not name any banks, but its statement suggested its enquiries have expanded beyond the previous assistance it has provided for Malaysia’s probe into 1MDB.”

 

Done reading? Sit back, relax and watch Coconuts TV:


By signing up for our newsletters you agree with our Terms of Service and Privacy Policy

Leave a Reply

MOST POPULAR