Malaysian companies: Related:Decision to clear Malaysian prime minister 'impossible' to overturn A small portion of the cash was transferred into Swiss accounts held by former Malaysian officials as well as current and former officials from the United Arab Emirates, the Swiss attorney general office said in a statement, according to The Guardian. To date, however, the Malaysian companies concerned have made no comment on the losses they are believed to have incurred, prosecutors added. Swiss investigators said they believed around US$4bn had been stolen from Malaysian state-owned companies, funding that was earmarked for economic and social development projects in Malaysia. The object of the request for mutual assistance is therefore to advise the companies and the Malaysian government of the results of the Swiss criminal proceedings, with the aim of finding out whether losses on this scale have been sustained. The attorney general office said the assistance request was made as part of criminal proceedings opened in August 2015 against two former officials of Malaysian state-owned fund 1MDB and persons unknown . They are suspected of bribing foreign officials, misconduct in a public office, money laundering and criminal mismanagement. In September, authorities announced the freezing of tens of millions of dollars worth of assets held in Swiss accounts as part of the investigation.
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