Swiss Probe of Malaysia Fund Sees $4 Billion Possible Misuse

  • 1MDB is subject of investigations in Malaysia, overseas
  • Malaysia AG dismissed some requests for action against 1MDB

Signage for 1Malaysia Development Bhd. (1MDB) is displayed at the site of the Tun Razak Exchange (TRX) project in Kuala Lumpur, Malaysia, on July 17, 2015.

Photographer: Goh Seng Chong/Bloomberg

Switzerland’s prosecutors are seeking legal assistance from Malaysia after a probe into a government investment fund revealed “serious indications” that about $4 billion may have been misappropriated from state companies in the Southeast Asian nation.

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