1MDB: Singapore announces its largest-ever money-laundering asset seizure
Singapore skyline (Credit: istock.com/Teradat Santivivut)
A day after the DOJ unveiled its largest-ever kleptocracy case, Singapore authorities announced the seizure of an additional US$177 million in 1MDB-related assets and accused four banks that handled transactions linked to the embattled Malaysian investment fund of anti-money laundering failings.
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