Singapore Seizes $175M in 1MDB Probe

The transcript discusses the unraveling situation involving Malaysian Prime Minister Najib Razak and the 1MDB scandal. The Malaysian opposition is calling for Razak's resignation following US prosecutors' actions to seize assets worth about a billion dollars. Key individuals, including Reza Aziz and Jho Low, are mentioned, along with companies like Red Granite Pictures. Singapore has seized millions more connected to the probe, highlighting failures in money laundering controls by several banks. Singapore regulators are finalizing inspections and plan to take firm actions against the banks involved.

What action did the Malaysian opposition take in response to the 1MDB scandal?

• They supported Prime Minister Najib Razak.

• They called for the resignation of Prime Minister Najib Razak.

• They praised the US prosecutors.

• They ignored the scandal.

Which Hollywood production company was linked to the 1MDB scandal?

• Paramount Pictures

• Warner Bros.

• Red Granite Pictures

• Universal Pictures

Who is Jho Low in the context of the 1MDB scandal?

• A Hollywood actor

• A Singaporean banker

• A US prosecutor

• A Malaysian financial figure involved in the scandal

What did Singapore do in relation to the 1MDB probe?

• They ignored the issue.

• They filed a lawsuit against the US.

• They seized millions connected to the probe.

• They supported the Malaysian government.

Which banks were mentioned for failures in money laundering controls?

• Bank of America and Wells Fargo

• Barclays and Deutsche Bank

• UBS and Standard Chartered

• HSBC and Citibank