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1MDB Watch
Kelvin Ang, second person linked to 1MDB here, to have next pre-trial conference on Sept 22
SINGAPORE (Aug 25): Kelvin Ang Wee Keng, the second person charged in connection with Singapore’s on-going investigation of 1MDB will have his next pre-trial conference on 22 Sept 2016. His trial date has not been fixed yet, according to the Attorney Ge
August 25, 2016
Singapore launches unit to fight money laundering
SINGAPORE (Aug 1): Singapore's central bank on Monday formally launched a unit to fight money laundering, strengthening the financial hub's safeguards against illicit fund flows.
August 01, 2016
1MDB Watch
Raffles Money Change claims compliance with MAS
SINGAPORE (July 22): Licensed money changer and remittance agent Raffles Money Change (RMC) has issued a statement in response to queries from members of the media, in light of the Monetary Authority of Singapore’s (MAS) press release dated July 21.
July 22, 2016
1MDB Watch
Swiss seize van Gogh, Monet paintings in 1MDB case
(July 21): Swiss authorities acting on a US request have seized three valuable paintings linked to an investigation into scandal-hit Malaysian state fund 1MDB, they said on Thursday.
July 22, 2016
1MDB Watch
Singapore authorities seize $240 mil of assets linked to 1MDB probe
SINGAPORE (July 21): Singapore authorities say they have seized a total of $240 mil of bank accounts and dealings in properties belonging to individuals linked to 1Malaysia Development Berhad (1MDB) probe, with about $120 million belonging to businessman
July 21, 2016
1MDB Watch
US sues to seize US$1 bil in assets tied to Malaysian state fund
WASHINGTON (July 21): US prosecutors sued on Wednesday to seize more than US$1 billion ($1.4 billion) in assets they said were tied to an international scheme to launder money stolen from the Malaysian state fund 1MDB, which was overseen by Prime Minister
July 21, 2016
1MDB Watch
1MDB bond fates diverge as Abu Dhabi vow trumps Najib support
SINGAPORE / HONG KONG (May 23): The fortunes of bonds in Malaysia’s troubled investment fund are diverging this month: those guaranteed by Abu Dhabi’s sovereign wealth fund have rallied, while notes with support from Malaysia’s own government have d
May 23, 2016
Former BSI banker Yeo remanded till May 24, no new charges filed
SINGAPORE (May 19): Yeo Jiawei, the former BSI banker linked to 1Malaysia Development Bhd (1MDB) was ordered to be remanded till May 24, even as no new charges were levied against him.
May 19, 2016