VICTORIA: The Seychelles is helping an international investigation into the
troubled state fund 1Malaysia Development Berhad (1MDB), the state's
Financial Intelligence Unit on the Indian Ocean archipelago said.
Transactions involving 1MDB, which has piled up US$11 billion in debt, are
at the centre of corruption and money laundering investigations in
jurisdictions that include the United States, Switzerland, Singapore,
Luxembourg and the United Arab Emirates.
"The Financial Intelligence Unit (FIU) has been assisting in an
international investigation into allegations surrounding the strategic
Malaysian fund called 1Malaysia Development Berhad (1MDB)," the FIU said in
a statement emailed to Reuters.
"Detailed information relating to offshore entities registered in
Seychelles and other matters were passed to the competent authorities of
investigating states," it said.
The statement was sent to Reuters by Seychelles president's of...