SINGAPORE (July 4): Investigations into 1MDB-related criminal activities are ongoing in Singapore and authorities here have been actively sharing information with their counterparts in Malaysia, says Ravi Menon, managing director of the Monetary Authority of Singapore.
“Investigations in Singapore are ongoing, they have not stopped. We are still looking at certain individuals and there are others we are looking forward to interviewing,” says Menon earlier this morning.
However, he did not name who these individuals are. “It is the nature of these things, you can't reveal much until it’s concluded then in a position to announce,” says Menon, who was speaking at the launch of MAS’s latest annual report.
Earlier media reports have named former Goldman Sachs executive Roger Ng as one of them. In addition, arrest warrants have been issued, from two years ago, for Low Taek Jho and his close associate Eric Tan Kim Loong.
Menon reiterates that thus far, Singapore is the only jurisdiction that has brought criminal charges against individuals for their role in the saga. Earlier this morning, former Malaysian prime minister Najib Razak was charged following his arrest on July 3.
Menon also points out since 2015, Singapore has already been actively sharing information – including those that are not asked for – with Malaysian authorities.
“Now, after the (Malaysian) GE, with the Malaysian authorities stepping up their investigations, we've been in close contact,” says Menon. “We continue to cooperate with them.”
