13.04.2016 - Swiss Widen Inquiry Into Malaysian Fund to Include 2 Emirati Officials
The Swiss authorities said on Tuesday that they had started a criminal investigation into two officials in charge of a sovereign wealth fund in Abu Dhabi, in the United Arab Emirates, as part of an inquiry into the financial transactions of the troubled Malaysian state investment fund 1Malaysia Development Berhad. The attorney general’s office in Switzerland said in a statement that it had widened its corruption investigation into the Malaysian fund, also known as 1MDB, to include the two Emirati officials over an apparent misappropriation of payments. The officials were being investigated for fraud, criminal mismanagement, money laundering, bribery and forgery, the attorney general’s office said..............................................Full Article: Source
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