Hong Kong bank funds said frozen in 1MDB probe by #Singapore and other authorities
Hong Kong bank accounts belonging to several unnamed individuals have been frozen amid global investigations into the finances of the Malaysian state fund 1MDB. Owners are being probed by authorities in countries outside of Malaysia. Authorities in Singapore charged two men following investigations into their dealings with the fund. A Malaysian parliamentary committee had identified at least US$4.2 billion of irregular transactions by the fund.
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