Singapore Seizes Nearly $180 Mn Linked To Malaysia Fund

Faizan Hashmi Published July 21, 2016 | 01:56 PM

Singapore seizes nearly $180 mn linked to Malaysia fund

SINGAPORE, (APP - UrduPoint / Pakistan Point News - 21st july,2016) - Singapore revealed Thursday it had seized nearly $180 million in assets through its investigations into suspected fraud and money-laundering related to scandal-tainted Malaysian state fund 1MDB.

It added that half those assets were linked to Low Taek Jho, a Malaysian businessman. The joint statement by Singapore's central bank, police and attorney-general is the first time authorities revealed asset amounts or identified a key figure since launching investigations last year.

Facebook Twitter Reddit Pinterest Whatsapp

Recent Stories

PM Shehbaz asked to extend hand to Imran Khan, Ind ..

PM Shehbaz asked to extend hand to Imran Khan, India

BISE Hyderabad to announce HSC-Il result exams on ..

BISE Hyderabad to announce HSC-Il result exams on April 25

ARI calls for comprehensive measures to curb tobac ..

ARI calls for comprehensive measures to curb tobacco use

Sana named ICC Women’s T20 World Cup Qualifier a ..

Sana named ICC Women’s T20 World Cup Qualifier ambassador

DWE extends training to 300,000 workers of 350 ind ..

DWE extends training to 300,000 workers of 350 industries in twin city

Stone Lifter Martin Licis showcases skills at Hari ..

Stone Lifter Martin Licis showcases skills at Haripur cultural sports competitio ..

WASA disconnects 144 connections of defaulters

WASA disconnects 144 connections of defaulters

Govt committed to double exports' volume in 5 year ..

Govt committed to double exports' volume in 5 years: PM

Dacoit killed during conflict with locals

Dacoit killed during conflict with locals

Vietnam hails Gandhara Corridor project for cultur ..

Vietnam hails Gandhara Corridor project for cultural tourism promotion

Price Control Magistrates conduct crackdown agains ..

Price Control Magistrates conduct crackdown against price hike

14 stolen bikes recovered, gang leader arrested

14 stolen bikes recovered, gang leader arrested