Swiss Target 2 Banks, 6 Individuals In 1MDB Fraud Case

By Joanne Faulkner (July 10, 2018, 2:50 PM BST) -- Swiss prosecutors said Tuesday they are investigating two banks and six individuals in connection with a multibillion-dollar fraud case in which senior officials allegedly siphoned off funds for "personal enrichment" from the Malaysian sovereign wealth fund at the center of corruption probes worldwide.

Prosecutors in Switzerland are investigating two banks and six officials over a multibillion-dollar fraud case involving 1MBD, the Malaysian sovereign wealth fund. (AP) The six under investigation are two former officials from 1Malaysia Development Berhad, or 1MDB as it is known, two former fund managers from Abu Dhabi sovereign funds and two representatives of Saudi energy group Petrosaudi....

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!