Switzerland Asks Malaysia Again for Help With 1MDB Case
- Swiss Attorney-General got no response from January request
- A second legal assistance request was also made to Singapore
This article is for subscribers only.
Swiss prosecutors have asked Malaysian authorities for a second time to help gather evidence in a case against those accused of embezzling funds from 1Malaysia Development Bhd. after an initial request in January went unanswered.
Some $800 million in natural-resource investments from a Malaysian sovereign fund known as SRC appears to have been misappropriated, hidden in part through the creation of a Ponzi scheme, the Swiss Attorney-General’s office said Wednesday in a statement on its website. SRC International, a company that was linked to debt-ridden state investment company 1MDB, is now controlled by the Malaysian finance ministry.