Malaysia’s scandal-hit state investment firm has spent the past few months under the spotlight for allegedly racking up a jaw-dropping RM42 billion in debt. Now the saga has hit a little closer to home, as Singapore police this week froze two bank accounts on suspicions of money-laundering. Just how would the 1MDB fallout affect us in Singapore?

Words by DollarsAndSense – The keyword 1MDB was searched 8,000 times in Singapore for the whole of last year, compared to 60,000 times within the first half of this year. News of 1MDB has been constantly shared on social media and mainstream news outlets over the past weeks. In case you are the proverbial frog in thewell, and have missed out on the 1MDB saga, here’s the long and short of it. 1MDB (1Malaysia Development Berhad) is a strategic development company wholly owned by the Government of Malaysia and chaired by the Malaysian ......