Singapore, Malaysia officials meet as 1MDB probe intensifies

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Men walk past a 1 Malaysia Development Berhad (1MDB) billboard at the fund's flagship Tun Razak Exchange development in Kuala Lumpur. Reuters

SINGAPORE (Reuters) – Singapore investigators are in the Malaysian capital of Kuala Lumpur to help authorities with an investigation into scandal-plagued state fund 1MDB, Singapore police said yesterday, as the country’s new government steps up efforts to tackle graft.

At least six countries, including the United States and Switzerland, are investigating claims that $4.5 billion was siphoned out of the fund, 1Malaysia Development Berhad, founded by former Prime Minister Najib Razak.

“Our Malaysian counterparts have requested for our assistance in relation to their 1MDB-related investigations, and we agreed to a meeting in Kuala Lumpur,” a Singapore police spokeswoman said.

The news comes a week after Malaysian officials met officers of the Federal Bureau of Investigation (FBI) and the US Department of Justice (DOJ), which refers to Najib as “Malaysian Official Number 1” in an anti-kleptocracy investigation of 1MDB.

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