Banker withdraws request to release funds frozen in 1MDB probe


SINGAPORE: In a surprise turn of events, private banker Yak Yew Chee filed an application to withdraw his request to the Singapore High Court to release some of the about S$10mil (RM29.58mil) in his bank accounts frozen by authorities here as part of investigations related to 1MDB.

This is the first legal case arising from the Singapore Government’s probe into funds possibly linked to 1Malaysia Development Bhd (1MDB).

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