Monetary Authority of Singapore

Singapore Fines Ex-Trader Over Malaysia’s 1MDB Saga

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A former stocks trader was fined in Singapore Wednesday for his role in an international money-laundering scandal involving Malaysia’s state fund 1MDB, the latest person to be penalised over the saga. Singapore, a regional financial centre known for its tough stance against corruption, was the first country to hand down criminal convictions related to the … Read more

US To Charge Malaysia Businessman In 1MDB Scandal

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US authorities plan to lodge criminal charges against a businessman suspected to be at the centre of a corruption scandal that has embroiled Malaysia’s prime minister, the Wall Street Journal reported. Allegations that huge sums were misappropriated from the Malaysian state fund 1MDB have triggered a scandal which has buffeted Prime Minister Najib Razak, who … Read more