HALISTER1: Swiss Extend 1MDB Criminal Proceedings to Two Emirati Officials

Swiss Extend 1MDB Criminal Proceedings to Two Emirati Officials

(Bloomberg) -- Switzerland’s attorney-general accuses 2 former officials of criminal mismanagement, money laundering among other charges; requests legal assistance from Luxembourg, Singapore.
  • Suspicions relate to bonds issued by 1MDB unit to finance investments in electric power plants, role of Abu Dhabi sovereign fund in offering guarantee to repay the bonds
  • Emirati public officials presumed innocent until proven otherwise
  • Statement
  • NOTE: Jan. 31 Swiss Probe of Malaysia Fund Sees $4 Billion Possible Misuse
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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