1MDB Taskforce Freezes RM1.1B in 408 Bank Accounts

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The special taskforce probing the 1Malaysia Development Berhad (1MDB) scandal has frozen 408 bank accounts involving RM1.1 billion from individuals, political parties and NGOs.

According to the taskforce, the 81 individuals and 55 companies which had their accounts frozen were believed to have received misappropriated funds from 1MDB.

“These accounts are believed to have been involved in the embezzlement and misappropriation of 1MDB funds.

“It involves nearly 900 transactions made between March 2011 and September 2015,” the taskforce said in a statement Monday (July 2).

The task force said it is currently in the midst of identifying the degree of involvement of the bank account holders and hoped for their co-operation.

It also hinted that more bank accounts linked with 1MDB could be frozen in future.

“All bank accounts were frozen in accordance with the law,” it said, stressing that no parties were targeted.

“Comprehensive investigations are conducted fairly to all parties involved,” it added.

The 1MDB taskforce members are Bukit Aman Special Branch director Datuk Abdul Hamid Bador, former Attorney General Tan Sri Abdul Gani Patail, and Malaysian Anti-Corruption Commission chief commissioner Datuk Seri Mohd Shukri Abdull as well as his predecessor Tan Sri Abu Kassim Mohamed.

The taskforce was set up on May 21 to investigate 1MDB and recover its assets abroad.

Last week, it was reported that the Malaysian Anti-Corruption Commission froze 900 bank accounts in its 1MDB probe.


Related report: June 29, MACC Freezes 900 Bank Accounts in 1MDB Probe