| Investigations abroad continue to haunt the nation’s premier despite efforts to downplay the scandal at home. On February 1, the Commercial Affairs Department (CAD) and Monetary Authority of Singapore (MAS) announced that they had seized a “large number” of bank accounts over possible money-laundering offenses tied to debt-ridden state investment fund 1 Malaysia Development Berhad (1MDB).
The Singapore authorities also confirmed that the city-state was “cooperating closely” with relevant authorities in Malaysia, Switzerland, and the United States in the ongoing investigation of the so-called 1MDB scandal, which has implicated Malaysian prime minister Najib Razak...............................................Full Article: Source
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