swiss prosecutors request malaysian help in graft probe
Last Updated : GMT 11:31:02
Arab Today, arab today
Arab Today, arab today

Swiss prosecutors request Malaysian help in graft probe

Arab Today, arab today

Arab Today, arab today Swiss prosecutors request Malaysian help in graft probe

Trucks drive past a billboard with the 1 Malaysia Development Berhad (1MDB) logo
Geneva - AFP

Swiss prosecutors on Friday requested assistance from Malaysian authorities in investigating massive theft from a state-owned firm at the centre of a graft scandal.

Swiss investigators believe around $4 billion has been stolen from Malaysian state-owned companies, funding that was earmarked for economic and social development projects in Malaysia.

"A small portion" of the cash was transferred into Swiss accounts held by former Malaysian officials as well as current and former officials from the United Arab Emirates, the Swiss attorney general's office said in a statement.

"To date, however, the Malaysian companies concerned have made no comment on the losses they are believed to have incurred," prosecutors added.

"The object of the request for mutual assistance is therefore to advise the companies and the Malaysian government of the results of the Swiss criminal proceedings, with the aim of finding out whether losses on this scale have been sustained."

In September, authorities announced the freezing of "tens of millions of dollars" worth of assets held in Swiss accounts as part of the investigation.

The attorney general's office said the assistance request was made as part of criminal proceedings opened last August against two former officials of Malaysian state-owned fund 1MDB (1Malaysia Development Berhad) and "persons unknown".

They are suspected of bribing foreign officials, misconduct in a public office, money laundering and criminal mismanagement.

"So far four cases involving allegations of criminal conduct and covering the period from 2009 to 2013 have come to light," the statement said, "each involving a systematic course of action carried out by means of complex financial structures."

The assistance request had already been discussed at a meeting between the Swiss attorney general and his Malaysian counterpart in Zurich in September, the statement added.

Malaysian Prime Minister Najib Razak has been under heavy political pressure over allegations that hundreds of millions of dollars were missing from deals involving 1MDB.

He has for months denied accusations that huge payments into his own bank accounts -- just before a hotly contested 2013 general election -- were syphoned from the now-struggling state-owned company.

Najib was cleared of corruption Tuesday when Malaysia's attorney general said the Saudi royal family was the source of the $681 million "donation" to his personal accounts.

But the announcement triggered derision and fresh questions in a country well-used to graft allegations.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

swiss prosecutors request malaysian help in graft probe swiss prosecutors request malaysian help in graft probe

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

swiss prosecutors request malaysian help in graft probe swiss prosecutors request malaysian help in graft probe

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today The Big Apple bike boom

GMT 10:47 2017 Wednesday ,22 November

The Big Apple bike boom
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today Leaders of Russia, Iran, Turkey meet

GMT 10:12 2017 Wednesday ,22 November

Leaders of Russia, Iran, Turkey meet
Arab Today, arab today 'Advanced' cyber attack targets Saudi Arabia

GMT 10:18 2017 Wednesday ,22 November

'Advanced' cyber attack targets Saudi Arabia
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today VW says will invest over 34bn euros

GMT 07:19 2017 Tuesday ,21 November

VW says will invest over 34bn euros
Arab Today, arab today Driverless, electric future just round

GMT 02:45 2017 Monday ,20 November

Driverless, electric future just round
Arab Today, arab today Singer Jahda Wahba has unlimited ambitions

GMT 07:56 2017 Monday ,20 November

Singer Jahda Wahba has unlimited ambitions
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 09:23 2017 Saturday ,18 November

Fedra happy for “Between Two Worlds” success

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 13:41 2017 Tuesday ,21 November

French choke up over proposal

GMT 00:44 2017 Monday ,20 November

Japanese regulators raid Airbnb

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday