SINGAPORE (June 4): Members of a special task force set up by Malaysia to investigate the alleged theft of funds from state-owned 1Malaysia Development Bhd (1MDB) met their Singapore counterparts at the Putrajaya headquarters of the Malaysian Anti-Corruption Commission (MACC) on May 31. Both the Malaysia and Singapore task forces agreed to work together to facilitate the recovery of the funds.

They will cooperate to collect evidence and identify witnesses, and to trace the movement of the funds and the assets they were used to acquire.

The meeting was attended by nine members of the Singapore investigation team consisting of representatives from the AttorneyGeneral’s Chambers, the Commercial Affairs Department and the Monetary Authority of Singapore. In attendance from Malaysia were representatives from the AGC, the Royal Malaysia Police, MACC and Bank Negara Malaysia, the country’s central bank.

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