SWISS FREEZE MILLIONS IN BANK ACCOUNTS LINKED TO 1MDB
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
$1 BILLION IN BLOCKED "ARAB SPRING" ASSETS IN SWISS CIFFERS
GENEVA - Switzerland has blocked nearly one billion Swiss
francs (664.80 million pounds) in stolen assets linked to dictators in
four countries at the centre of the Arab spring - Egypt, Libya, Syria
and Tunisia - the Swiss foreign ministry said on Tuesday.
Swiss
authorities are cooperating with judicial authorities in Tunisia and
Egypt to speed restoration of the funds, 700 million francs of which are
tied to former President Hosni Mubarak and his entourage, said Valentin
Zellweger, head of the international law department at the Swiss
foreign ministry.
"Today a total of one billion francs is blocked
in the framework of Arab spring," he told a news briefing in Geneva,
giving the latest figures for funds seized since early 2011.
Source: Reuters
VISITORS GEOFLAGS SINCE AUGUST 26, 2009
