Switzerland leads probe into $4 billion allegedly mishandled in Malaysia's state firms

Switzerland leads probe into billion allegedly mishandled in Malaysia’s state firms

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A top-level investigation is under way into Malaysian officials who may have misappropriated $4 billion from the country’s state-owned companies.

On Friday last week, the office of Swiss Attorney General Michael Lauber said it was opening a formal inquiry into Malaysian state accounts, after its investigation into Malaysian state investment fund 1Malaysia Development Berhad (1MDB) revealed possible wrongdoing.

Some money from 1MDB was transferred into accounts held in Switzerland, and belonged to various former Malaysian public officials and both former and current public officials from the United Arab Emirates. Read more…

More about Singapore, Switzerland, Us World, Malaysia, and 1mdb


Source: Mashable 3d printer
Switzerland leads probe into billion allegedly mishandled in Malaysia’s state firms