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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Financials

Swiss Question Use of Malaysian Sovereign Fund Run by Prime Minister

Posted on 01 February 2016

Days after the prime minister of Malaysia was cleared of wrongdoing in an investigation into transfers of money into his bank accounts, the Swiss government announced Friday that it had found serious indications that funds had been misappropriated from Malaysian state-owned companies.
The sovereign wealth fund at the center of the Swiss inquiry, called 1Malaysia Development Berhad, or 1MDB, has been the focus of several investigations around the world as authorities attempt to ascertain whether money vanished in a series of international business deals………………………………………..Full Article: Source


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