09:57 GMT +325 February 2017
    File Photo: Malaysian police seize equipment from the 1Malaysia Development Berhad (1MDB) office in Kuala Lumpur on July 8, 2015

    Switzerland Investigates Into Alleged Violations of Law by Malaysian Fund

    © AFP 2016/ MOHD RASFAN
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    Switzerland's chief prosecutor asked Malaysian authorities for legal assistance in its investigation into possible violations of Swiss law by 1Malaysia Development Berhad (1MDB) wealth fund, prosecutor's office said in a statement.

    MOSCOW (Sputnik) — According to the statement, the prosecutors are planning to inquire into misappropriation of some $4 billion, with part of this sum transferred to accounts of former Malaysian officials in Switzerland and the United Arab Emirates.

    "As part of the proceedings initiated on 14 August 2015 criminal proceedings against two former directors and officers of the Malaysian sovereign wealth fund 1MDB (1Malaysia Development Berhad) <…> chief prosecutor has asked the Malaysian authorities for mutual legal assistance," the statement said on Friday.

    The statement added that the investigation had already found serious evidences of non-compliance with Swiss legislation in at least four cases of alleged criminal conduct committed in 2009-2013.

    In 2015, 1MBD was also involved in the scandal, when critics of Malaysian Prime Minister Najib Razak claimed that over $680 million from the fund had been transferred into the prime minister’s private bank account.


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    investigation, violation of law, fund, 1Malaysia Development Berhad (1MDB), Switzerland
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      Switzerland should be the last country on earth to look for financial "criminal conduct" of anyone. This is a country that lives and breathes on the dividends earned from financial investments of dirtiest moneys in the entire world. This is the place that drug tycoons, brutal dictators, corrupt politicians, unscrupulous industrialists and underground businessmen, ... bring their dirty money for protection under Swiss law, anonymously. This is the place that the central bank of central banks is located (Swiss Bank of International Settlements) and prints Euro and enslaves the European countries, while it keeps its own money. This is the place that like Vatican, London, DC keeps an independent status and does not get entangled with regional or international treaties so that the diabolical financial elites can live under the radar and unadulterated.
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