Well , that didn’t take long. Just a day after the US
Justice Department move to seize more than $1 billion in assets due to the
scandal at 1Malaysia Development Berhad (1MDB), Singapore has gotten into the
act.
Singapore said that it had seized S$240 million in assets
from individuals linked to alleged fraud at 1MDB. The Monetary Authority of
Singapore said that bank accounts of about S$120 million in the accounts and
properties belonged to Malaysian financier Low Taek Jho and his immediate
family was seized and their ability to deal in properties were curtailed.
Needless to say, this is just a drop in the bucket when you
consider that more than $3.5 billion was misappropriated from 1MDB but it does
seem that Singapore is afraid to miss the boat and is now making their claim of
the money.
Too bad for the people of Malaysia I guess; whether it’s with the US
government, the Singapore government, or in the bank accounts of corrupt Malaysian
“businessmen”, they are not going to see the money anytime soon.
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