July 2, 2018 / 9:11 AM / 4 months ago

Malaysia's 1MDB task force freezes more than 400 bank accounts amid probe

KUALA LUMPUR, July 2 (Reuters) - A task force investigating a multi-billion dollar scandal at state fund 1Malaysia Development Berhad (1MDB) said on Monday it had frozen 408 bank accounts, involving funds of about 1.1 billion ringgit ($272.4 million), as part of its probe.

The accounts frozen were linked to 81 individuals and 55 companies believed to have received funds from 1MDB, the task force said in a statement.

“The accounts were believed to be linked to the misappropriation and misuse of 1MDB funds,” the task force said. ($1 = 4.0380 ringgit) (Reporting by Rozanna Latiff Editing by Jacqueline Wong)

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