Things are moving fast over in Malaysia.
SinceWall Street Journal‘s exposé last week — accusing Prime Minister Najib Razak of funneling US$700 million from indebted sovereign investment fund 1MDB into his personal bank accounts — six bank accounts have been frozen, damning documents released and offices raided.
Here in the Little Red Dot, the Monetary Authority of Singapore has announced that it will provide assistance to Malaysia “and share information where it is legally able to,” reports Channel NewsAsia.
The report cites a spokesman who confirmed that MAS is liaiising with financial institutions. “MAS did not name any banks, but its statement suggested its enquiries have expanded beyond the previous assistance it has provided for Malaysia’s probe into 1MDB.”
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