Swiss authorities said today they had frozen funds in Swiss
banks amid a probe into people linked to Malaysia's troubled state investment
fund, 1Malaysia Development Berhad (1MDB), on suspicion of corruption and money
laundering.
"The Office of the Attorney-General of Switzerland
(OAG) has frozen assets amounting to several tens of millions of US dollars on
Swiss bank accounts," an OAG spokesman said by email in response to an
enquiry.
"At this early stage of the procedure, the OAG is
analysing and consolidating evidence. The OAG is already in contact with the
Malaysian authorities.
International cooperation with foreign countries, in
particular with Malaysia, will probably be necessary to establish the
facts," she said.
International cooperation with foreign countries, in
particular with Malaysia, will probably be necessary to establish the
facts," she said.
1MDB later released a satement saying "as far as 1MDB
is aware, none of the company's bank accounts has been frozen".
- It added that 1MDB was in the process of developing a better understanding of the ongoing investigations in Switzerland so the company could cooperate to its fullest extent.
Source:– Reuters
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