S'pore adds to pressure on Malaysia's 1MDBSINGAPORE -- Singapore said Thursday it had seized nearly US$180 million linked to scandal-tainted Malaysian state fund 1MDB, raising the pressure a day after Washington moved to grab more than US$1 billion in assets over "enormous" fraud. The film was produced by a company owned by Najib's stepson Riza Aziz, using more than US$100 million syphoned from 1MDB, the Justice Department said. They said half the frozen Singapore assets were linked to Low Taek Jho, a Malaysian businessman close to Najib's family. Both Najib and 1MDB have consistently dismissed allegations of wrongdoing as political attacks by his opponents. 1MDB, or 1Malaysia Development Berhad, was launched by Najib in 2009 to make strategic national investments.

Source: The China Post July 21, 2016 16:24 UTC