Foreign Investigations into Malaysian Fund Widen

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Friday, April 22, 2016
Author: 
Bruce Zagaris
Volume: 
32
Issue: 
4
Abstract: 

On April 12, 2016, the Office of the Attorney General of Switzerland (OAG) announced the extension of its proceedings on suspicion of embezzlement committed against the Malaysian sovereign fund (the Malaysia Development Berhad – 1MDB) by to two former Emirati officials, in charge of Abu Dhabi sovereign funds.  In addition, the OAG has sent two requests for mutual legal assistance to Luxembourg and Singapore.