In this May 14, 2015 file photo, construction workers chat in front of a billboard for state investment fund 1 Malaysia Development Berhad (1MDB) at the fund's flagship Tun Razak Exchange development in Kuala Lumpur, Malaysia. Singapore is among at least six countries investigating claims that about $4.5 billion was siphoned off from 1Malaysia Development Berhad (1MDB), a fund founded by former Malaysian Prime Minister Najib Razak. In 2016, Singapore authorities said they had seized S$240 million in cash and properties as a result of investigations into 1MDB-related fund flows through Singapore. In May, Singapore and Malaysia agreed to cooperate on returning the funds to the Malaysian government, and the court order cleared the way for the first repatriation of funds from Singapore. The funds will be transferred to a special 1MDB recovery account in Kuala Lumpur, the Malaysian capital.

Source: Bangkok Post September 10, 2018 07:41 UTC