Swiss 1MDB probe targets two executives

  • Nation
  • Monday, 24 Aug 2015

ZURICH: Switzerland's Office of the Attorney-General (OAG) has opened a criminal proceeding against two executives and unknown persons from 1Malaysia Development Bhd (1MDB). 

In a statement on Monday, the OAG clarified the nature of its investigation into (1MDB), which was first made public on Friday. 

The proceeding has been initiated because of suspected corruption of foreign officials, suspected misconduct in public office and suspected money laundering, the OAG said. 

Under Swiss law, authorities say they are looking into unknown persons when they are unsure about who was involved. 

Last week, Swiss financial regulator FINMA said it was checking with some Swiss banks whether they have carried out business with 1MDB. 

1MDB said on Sunday it had not been contacted by Swiss authorities but was ready to assist in any investigation if approached. - Reuters

1MDB , Switzerland , OAG


Across The Star Online

Air Pollutant Index

Highest API Readings

    Select State and Location to view the latest API reading

    Source: Department of Environment, Malaysia