31 May '18, 9am

Singapore to help return 1MDB money

Singapore to help return 1MDB money

THE Malaysian and Singaporean 1MDB special task forces will collaborate to return to the Malaysian government funds believed to have been embezzled from 1Malaysia Development Bhd (1MDB). The agreement was reached at a meeting between the two task forces at the Malaysian Anti-Corruption Commission (MACC) headquarters in Putrajaya today. According to a statement issued by the Malaysian 1MDB special task force, the cooperation between the two parties also aimed to collect evidence and find witnesses in Singapore as soon as possible. “The teams will also follow the money trail and find existing assets,” the statement read. The meeting was attended by nine senior officers from the Singapore investigation team comprising representatives of Singapore’s Attorney-General’s Chambers, Commercial Affairs Department and the Monetary Authority Singapore. Malaysia was represented by offi...

Full article: https://www.themalaysianinsight.com/s/51343

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