Swiss and Malaysian prosecutors join forces in 1MDB probe

The Swiss Attorney General Michael Lauber has held talks with his Malaysian counterpart to set out how the two countries can enhance cooperation during the global criminal investigation of the Malay 1MDB sovereign wealth fund. Two Swiss banks have already been implicated in an alleged fraud of huge proportions that is said to have funneled billions of dollars from both the 1MDB and SRC wealth funds into the pockets of corrupt officials. That money had been earmarked for economic development projects in Malaysia. The Swiss Office of the Attorney General (OAG) has placed six people under formal criminal investigation in relation to the scandal on a wide array of offences, including fraud, money laundering, forgery, bribery of public officials and abuse of public office. The OAG is now seizing on a Malaysian regime change of two months’ ago that has seen the former Malaysian Prime Minister Najib Razak arrested and charged with corruption.  Repeated Swiss requests for legal ...

 
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