Swiss freeze millions amid 1MDB fund probe

(Reuters) – Swiss authorities said on Wednesday they had frozen funds in Swiss banks amid a probe into people linked to Malaysia’s troubled state investment fund, 1Malaysia Development Berhad (1MDB), on suspicion of corruption and money laundering.

“The Office of the Attorney General of Switzerland (OAG) has frozen assets amounting to several tens of millions of US dollars on Swiss bank accounts,” an OAG spokeswoman said by email in response to an enquiry.

“At this early stage of the procedure, the OAG is analysing and consolidating evidence. The OAG is already in contact with the Malaysian authorities. International cooperation with foreign countries, in particular with Malaysia, will probably be necessary to establish the facts,” she added.