ZURICH – Switzerland’s Office of the Attorney General (OAG) has opened criminal proceedings relating to Malaysia’s troubled state investment fund 1Malaysia Development Berhad (1MDB), a spokesman said on Friday.<\/p>\n
1MDB, whose advisory board is chaired by Prime Minister Datuk Seri Najib Tun Razak, is being examined by Malaysian authorities investigating accusations of financial mismanagement and graft.<\/p>\n
The fund has been dogged by controversy over its RM42bil debt and alleged financial mismanagement.<\/p>\n
“The Office of the Attorney General confirms that, on Aug 14, 2015, it opened a criminal procedure against two entities of 1MDB as well as against an unknown person,” the OAG spokesman said in an email.<\/p>\n
The case involved “suspected corruption of public foreign officials, dishonest management of public interests and money laundering”, he said.<\/p>\n
The criminal proceedings follow two communications from the Money Laundering Reporting Office Switzerland (MROS) the spokesman added.<\/p>\n
News of the investigation was first reported by Swiss newspaper Le Temps.<\/p>\n
Swiss financial regulator Finma said on Wednesday it was checking with some of the country’s banks whether they carried out business with 1MDB. – Reuters<\/p>\n","protected":false},"excerpt":{"rendered":"
ZURICH – Switzerland’s Office of the Attorney General (OAG) has opened criminal proceedings relating to Malaysia’s troubled state investment fund 1Malaysia Development Berhad (1MDB), a spokesman said on Friday. 1MDB, whose advisory board is chaired by Prime Minister Datuk Seri Najib Tun Razak, is being examined by Malaysian authorities investigating accusations of financial mismanagement and […]<\/p>\n","protected":false},"author":1,"featured_media":36947,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[],"better_featured_image":{"id":36947,"alt_text":"","caption":"","description":"","media_type":"image","media_details":{"width":440,"height":293,"file":"2015\/08\/cars.jpg","filesize":22607,"sizes":{},"image_meta":{"aperture":"0","credit":"","camera":"","caption":"","created_timestamp":"0","copyright":"","focal_length":"0","iso":"0","shutter_speed":"0","title":"","orientation":"0","keywords":[]}},"post":36946,"source_url":"https:\/\/buletinonlines.net\/v7\/wp-content\/uploads\/2015\/08\/cars.jpg"},"_links":{"self":[{"href":"https:\/\/buletinonlines.net\/v7\/index.php\/wp-json\/wp\/v2\/posts\/36946"}],"collection":[{"href":"https:\/\/buletinonlines.net\/v7\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buletinonlines.net\/v7\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buletinonlines.net\/v7\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buletinonlines.net\/v7\/index.php\/wp-json\/wp\/v2\/comments?post=36946"}],"version-history":[{"count":0,"href":"https:\/\/buletinonlines.net\/v7\/index.php\/wp-json\/wp\/v2\/posts\/36946\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buletinonlines.net\/v7\/index.php\/wp-json\/wp\/v2\/media\/36947"}],"wp:attachment":[{"href":"https:\/\/buletinonlines.net\/v7\/index.php\/wp-json\/wp\/v2\/media?parent=36946"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buletinonlines.net\/v7\/index.php\/wp-json\/wp\/v2\/categories?post=36946"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buletinonlines.net\/v7\/index.php\/wp-json\/wp\/v2\/tags?post=36946"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}