1MDB ready to cooperate with Swiss authorities

1Malaysia Development Berhad (1MDB) is ready to assist the authorities in Switzerland in the latter's investigations on them.

In a statement today, the state development fund said their cooperation, however, was subjected to advice from the appropriate Malaysian authorities.

"We refer to media reports that Switzerland's Office of the Attorney-General has opened an investigation relating to 1MDB.

"1MDB has not been contacted by any Swiss authorities but is ready to assist in any investigation if approached, subject to advice from the appropriate Malaysian authorities.

"We remain committed to fully cooperate with all lawful authorities that are currently investigating 1MDB," the statement said.

Yesterday, it was reported that Switzerland’s Office of the Attorney-General (OAG) had, on Aug 14, opened a criminal proceeding against two entities of 1MDB as well as against an unknown person.

Quoted by Reuters, a spokesman had said the proceedings involved suspected corruption of public foreign officials, dishonest management of public interests and money laundering.