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KUALA LUMPUR, Feb 2, 2016:

1Malaysia Development Berhad (1MDB) reiterated today that it has not been contacted by any Singaporean authorities on any matters pertaining to the national sovereign fund.

“1MDB refers to a statement issued by the authorities in Singapore on Feb 1 relating to their investigations.

“As we have previously stated, 1MDB has not been contacted by any foreign legal authorities on any matters relating to the company.

“1MDB remains committed to fully cooperating with any lawful authority and investigation, subject to advice from the relevant domestic lawful authorities, and in accordance with international protocols governing such matters.”

This comes following news reports quoting the authorities in Singapore stating they have seized a large number of bank accounts as part of an investigation into possible money-laundering linked to a fund owned by the national sovereign fund.

In a joint statement by its central bank and the police’s anti-fraud agency it said:

“In connection with these investigations, we have sought and are continuing to seek information from several financial institutions, are interviewing various individuals, and have seized a large number of bank accounts.

“Singapore is also cooperating closely with relevant authorities, including those in Malaysia, Switzerland and the United States.”

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