July 2, 2018 / 9:13 AM / 8 months ago

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

FILE PHOTO: Men walk past a 1 Malaysia Development Berhad (1MDB) billboard at the fund's flagship Tun Razak Exchange development in Kuala Lumpur March 1, 2015. REUTERS/Olivia Harris/File Photo

KUALA LUMPUR (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 (206.7 million pounds), 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.

Reporting by Rozanna Latiff; Editing by Jacqueline Wong

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