1MDB: Singapore confirms probe of Malaysian tycoon Jho Low

Singapore’s Commercial Affairs Department (CAD) has confirmed that three people are being investigated over money laundering claims in connection with Malaysian sovereign fund 1Malaysia Development Berhad.

This is the first confirmation that the three are being investigated by Singapore, reports The Straits Times. The revelation was made by CAD officer Oh Yong Yang who was testifying in a court in Singapore against former BSI banker Yeo Jiawei who has been charged with four counts of obstructing justice.

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