Saturday 30 January 2016

Swiss investigators say US$4bn stolen from Malaysian state-owned companies | World news | The Guardian

Swiss investigators say US$4bn stolen from Malaysian state-owned companies | World news | The Guardian:

"Swiss prosecutors on Friday requested assistance from Malaysian authorities in investigating massive theft from a state-owned firm at the centre of a graft scandal.

Swiss investigators said they believed around US$4bn had been stolen from Malaysian state-owned companies, funding that was earmarked for economic and social development projects in Malaysia.

“A small portion” of the cash was transferred into Swiss accounts held by former Malaysian officials as well as current and former officials from the United Arab Emirates, the Swiss attorney general’s office said in a statement."



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