SINGAPORE: The police are investigating alleged money laundering offences linked to two local bank accounts that are involved in the ongoing 1Malaysia Development Berhad (1MDB) saga.
According to a Business Times report, the Singapore Police Force (SPF) had issued orders to freeze both accounts on July 15.
According to a Business Times report, the Singapore Police Force (SPF) had issued orders to freeze both accounts on July 15.
Investigations fall under Section 47 of the Corruption, Drug Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of benefits) Act, Chapter 65A.
SPF also cited the Criminal Procedure Code to "prohibit any dealings in respect of money in two bank accounts that are relevant to the investigation." - The Straits Times/Asia News Network
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