Tuesday 1 May 2018

Swiss investigate two PetroSaudi officials in 1MDB inquiry | ZAWYA MENA Edition

Swiss investigate two PetroSaudi officials in 1MDB inquiry | ZAWYA MENA Edition:

"Swiss prosecutors said on Tuesday they were investigating two officials from Saudi energy group PetroSaudi International as part of a wider inquiry into the suspected theft of assets from Malaysia's 1MDB state fund.

PetroSaudi said on Tuesday it was not itself the subject of any criminal investigations, denied any wrongdoing linked to its joint venture with the Malaysian fund, and said none of its officials had been involved in misappropriating any funds.

The news of the Swiss investigations marked an escalation in international inquiries into the suspected thefts, piling pressure on Malaysia's government in the build-up to May 9 national elections."



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