Singapore says no Singapore bank received 1MDB bond proceeds

Singapore's central bank said on Wednesday no bank in Singapore received a $3 billion wire transfer from Goldman Sachs which had arranged a bond issuance for Malaysian state fund 1Malaysia Development Berhad (1MDB). The Wall Street Journal reported this week that proceeds from the 1MDB $3 billion bonds ended up in the Singapore branch of a Swiss bank. 1MDB is subject of multiple money-laundering investigations in at least six countries including the United States, Switzerland and Singapore.