16 May '18, 4am

Singapore ready to extend further help to Malaysia on 1MDB probe Read more at

SINGAPORE: Singapore authorities are fully prepared to extend further assistance to their Malaysian counterparts on 1MDB-related transactions, the Commercial Affairs Department (CAD) and the Monetary Authority of Singapore (MAS) said in a statement on Wednesday morning. "The Singapore authorities have cooperated extensively with their Malaysian counterparts on their past requests for information in relation to 1MDB-related transactions, and are fully prepared to extend further assistance. Singapore has also taken swift action against financial institutions and individuals who have broken laws within our jurisdiction in connection with 1MDB-related fund flows," they said in the joint statement, in response to media queries. This comes after Malaysian Prime Minister Tun Dr Mahathir Mohamad said this week that he expects prosecutors will soon have a strong case to charge form...

Full article: https://www.thestar.com.my/business/business-news/2018/05...

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