Singapore investigating firms accused of selling luxury goods to North Korea

SINGAPORE - Singapore said on Wednesday it was investigating two local companies accused of supplying luxury goods to North Korea in violation of UN sanctions.

Citing a leaked draft of a UN report, British broadcaster BBC said earlier this week the two firms were OCN and T Specialist, sister companies that share the same director.

"The Singapore authorities are aware of these cases and we are in correspondence with the UN Panel on them," Singapore's foreign affairs ministry said in a statement.

"In respect of the two companies mentioned in the BBC report - OCN and T-Specialist - our authorities have commenced investigations into these companies. However, we are unable to provide additional details as investigations are ongoing."

Under UN sanctions, it has been illegal to sell luxury items to North Korea since 2006.