From 2009 to at least 2013, private individuals were allegedly able to siphon off more than $3.5 billion from the wealth fund of Malaysia and go on a high-end luxury shopping spree in several countries including the United States, the United Kingdom and Switzerland for property, museum-quality art and a private jet.
Entries in Singapore (70)
Singapore said Thursday it has seized property and bank accounts linked to money allegedly diverted from Malaysia's sovereign wealth fund, 1Malaysia Development Berhad.
A former Department of Defense (DoD) senior contracting official pleaded guilty Thursday to taking bribes from Leonard Glenn Francis -- also known as Fat Leonard -- the owner of Singapore-based Glenn Defense Marine Asia.
The highest-ranking U.S. Navy officer to be charged in the massive bribery-for-secrets case that has shaken the Navy's command structure in the Pacific pleaded guilty Thursday in federal court to lying to investigators and destroying evidence.
Three senior Navy officers -- two of them active and one retired -- were charged in documents unsealed Friday for their roles in a massive bribery scheme involving a Singapore-based contractor that compromised U.S. national security.
Singapore shut down the local operations of Swiss-based BSI Bank Tuesday and named six bankers suspected of possible criminal conduct in connection with the handling of a Malaysian government fund.
A former executive of a Singapore-based defense contracting firm was sentenced to 63 months in federal prison Friday for his role in defrauding the U.S. Navy of $34 million for ship husbanding services.
The Singapore Commercial Affairs Department and the Monetary Authority of Singapore said Monday they have seized a "large number" of bank accounts linked to a money laundering investigation involving the Malaysia state investment fund 1MDB.
A U.S. Navy Petty Officer First Class was sentenced to 27 months in prison for accepting cash, electronic gadgets, and travel expenses from a Singapore-based defense contractor in exchange for providing classified U.S. Navy information.
A woman who worked for the United States Navy in Singapore was charged in court there Thursday with taking bribes of cash and hotel stays for passing classified information about ship movements to a company that serviced Navy ships in ports across Asia.