Singapore banker withdraws request to release funds frozen in 1MDB probe


Swiss bank BSI's office in Suntec City. - The Straits Times/Asia News Network

SINGAPORE: In a surprise turn of events, private banker Yak Yew Chee filed an application on Friday to withdraw his request to the Singapore High Court to release some S$10mil (RM29.58mil) in his bank accounts frozen by the authorities here as part of investigations related to 1MDB.

This is the first legal case arising from the Singapore Government's probe into funds possibly linked to 1Malaysia Development Bhd (1MDB).

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Singapore , BSI , probe , banking , 1MDB

   

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