Wednesday 17 August 2016

Swiss probe ex-Abu Dhabi official over alleged Malaysia fund scam - FT.com

Swiss probe ex-Abu Dhabi official over alleged Malaysia fund scam - FT.com:

"Swiss criminal authorities are probing a well-connected former top Abu Dhabi finance official over an alleged international conspiracy to embezzle money from Malaysia’s 1MDB wealth fund.
Investigators suspect Khadem al-Qubaisi, ex-head of the Emirati government’s International Petroleum Investment Company, of fraud, money laundering and corruption, according to a letter seen by the Financial Times. "



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