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Singapore Police Force freezes two bank accounts linked to Malaysian PM's probe

Xinhua, July 22, 2015 Adjust font size:

Singapore Police Force has frozen two bank accounts as ongoing investigation linked to corruption allegations on Malaysian Prime Minister Najib Razak, local media reported on Wednesday.

Singapore Police Force said in a statement that they issued orders under the Criminal Procedure Code to prohibit any dealings in respect of money in two bank accounts on July 15. But it didn't identify the accounts in question as investigation is continuing.

Monetary Authority of Singapore (MAS) said it is in contact with financial institutions in relation to Malaysia's probe on July 8.

Wall Street Journal earlier reported that investigators looking into debt-laden state-owned fund 1MDB had traced nearly 700 million U.S. dollars that came through a private bank account in Singapore into accounts in Malaysia, which they believed belonged to Prime Minister Najib Razak.

Najib, who also heads the advisory board of Malaysian sovereign fund 1MDB, has denied taking any money from 1MDB or any other entity for personal gain, saying the allegations are part of a malicious campaign to force him out of office. Endi