Singapore’s central bank contradicts Wall Street Journal’s report

(Reuters) – Singapore’s central bank said on Wednesday that no bank in Singapore received the US$3 billion wire transfer from Goldman Sachs which had arranged the bond issuance for Malaysian state fund 1Malaysia Development Berhad (1MDB).

The statement came after the Wall Street Journal reported that bond proceeds from the 1MDB US$3 billion bonds ended up in the Singapore branch of a Swiss bank.