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10-07-2015, 05:00 PM
An honorable member of the Coffee Shop Has Just Posted the Following:
Businessman Low Taek Jho’s accounts have come under scrutiny amid an ongoing probe into allegations that billions of ringgit from 1Malaysia Development Berhad (1MDB) were transferred into Prime Minister Datuk Seri Najib Razak’s personal accounts.
According to a report by The Wall Street Journal (WSJ), Singaporean police and Bank Negara had discussed some US$529 million (RM2 billion) in accounts belonging to Low, also known as Jho Low, after the central bank in March asked for Singapore’s help investigating 1MDB.
Citing a letter dated March 13 from Singapore’s Suspicious Transaction Reporting Office to Bank Negara, WSJ said the money was deposited into a Singaporean business bank account at BSI SA, controlled by Low between 2011 and 2013.
The Suspicious Transaction Reporting Office said the money had been deposited from the Swiss bank account of a company called Good Star Ltd, although it was not stated where Good Star had obtained the funds or what happened to the money. The account was reportedly closed last February.
“If proceeds of crime have been transferred to Singapore, we would like to consider whether an offence has been committed in Singapore,” Suspicious Transaction Reporting head Chua Jia Leng was quoted as saying in the letter.
Putrajaya said earlier this year 1MDB had US$1.1 billion in a BSI account in Singapore, although it is not known whether a connection exists between that account and Low.
Low has said that his role at 1MDB is that of an “occasional adviser”.
- See more at: http://www.themalaysianinsider.com/m....kGpS8ydd.dpuf (http://www.themalaysianinsider.com/malaysia/article/jho-lows-account-in-singapore-scrutinised-in-1mdb-probe-says-wsj#sthash.kGpS8ydd.dpuf)
Click here to view the whole thread at www.sammyboy.com (http://www.sammyboy.com/showthread.php?210280-Singapore-dare-to-investigate-quot-suspicious-quot-money-transfers-linked-to-Najib&goto=newpost).
Businessman Low Taek Jho’s accounts have come under scrutiny amid an ongoing probe into allegations that billions of ringgit from 1Malaysia Development Berhad (1MDB) were transferred into Prime Minister Datuk Seri Najib Razak’s personal accounts.
According to a report by The Wall Street Journal (WSJ), Singaporean police and Bank Negara had discussed some US$529 million (RM2 billion) in accounts belonging to Low, also known as Jho Low, after the central bank in March asked for Singapore’s help investigating 1MDB.
Citing a letter dated March 13 from Singapore’s Suspicious Transaction Reporting Office to Bank Negara, WSJ said the money was deposited into a Singaporean business bank account at BSI SA, controlled by Low between 2011 and 2013.
The Suspicious Transaction Reporting Office said the money had been deposited from the Swiss bank account of a company called Good Star Ltd, although it was not stated where Good Star had obtained the funds or what happened to the money. The account was reportedly closed last February.
“If proceeds of crime have been transferred to Singapore, we would like to consider whether an offence has been committed in Singapore,” Suspicious Transaction Reporting head Chua Jia Leng was quoted as saying in the letter.
Putrajaya said earlier this year 1MDB had US$1.1 billion in a BSI account in Singapore, although it is not known whether a connection exists between that account and Low.
Low has said that his role at 1MDB is that of an “occasional adviser”.
- See more at: http://www.themalaysianinsider.com/m....kGpS8ydd.dpuf (http://www.themalaysianinsider.com/malaysia/article/jho-lows-account-in-singapore-scrutinised-in-1mdb-probe-says-wsj#sthash.kGpS8ydd.dpuf)
Click here to view the whole thread at www.sammyboy.com (http://www.sammyboy.com/showthread.php?210280-Singapore-dare-to-investigate-quot-suspicious-quot-money-transfers-linked-to-Najib&goto=newpost).