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Singapore white collar crime agency never raided UBS in 1MDB probe, court hears

By Toh Han Shih ( November 10, 2016, 06:05 GMT | Insight) -- At a hearing today in the first Singapore court case related to the scandal-plagued Malaysian sovereign wealth fund 1Malaysia Development Berhad, an officer of the Commercial Affairs Department, Singapore's white collar crime agency, said CAD never raided UBS, contradicting details in testimony from another witness earlier this week.At a hearing today in the first Singapore court case related to the scandal-plagued Malaysian sovereign wealth fund 1Malaysia Development Berhad, or 1MDB, an officer of the Commercial Affairs Department, or CAD, Singapore's white collar crime agency, said CAD never raided UBS, contradicting details in testimony from another witness earlier this week....

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