Malaysia Prime Minister Najib Razak

Swiss bank accounts: Swiss prosecutors said the misappropriated money was intended for the "economic and social development of Malaysia." Authorities discovered a "small portion" of the funds has been transferred to Swiss bank accounts of Malaysian and United Arab Emirates officials, according to CNN. The affected Malaysian corporations have not yet commented on the suspected losses. The findings follow an investigation into the 1 Malaysia Development Berhad , a state-owned fund formed in 2009 to invest in property, infrastructure and energy projects. The Swiss government is requesting legal compliance from Malaysia in order to confirm that the money is missing. Malaysia Prime Minister Najib Razak, who founded and is the chair of 1MDB, was accused of siphoning money from the investment fund recently after RM2.6 billion was transferred into his accounts. Read More CNN has reached out to 1MDB for comment on the accusations. (news.financializer.com). As reported in the news.