Swiss probe into PetroSaudi nothing to do with us, says 1MDB

KUALA LUMPUR: It is “reprehensible” for anyone to say an investigation by Swiss investigators into Saudi Arabian oil producer PetroSaudi is an inquiry into 1MDB and the government, 1MDB said today.

It said in a brief statement: “We wish to state in the strongest possible terms that 1MDB is not the subject of any criminal investigation either in Malaysia or internationally. We have and remain ready to assist the investigation of any lawful authority, in line with international protocols. Until today, 1MDB has not received any such request.

“There is no suggestion of wrongdoing by 1MDB or any of its officials. So it is irresponsible and reprehensible for an act by Swiss investigators to be twisted and framed as an inquiry into 1MDB and its shareholder.”

1MDB asked “all parties to refrain from politicising any alleged investigation by the Swiss authorities on non-Malaysian nationals”.

It urged people not to “create links” to 1MDB for political gain “during this sensitive general election period”.

The Financial Times reported earlier today that Swiss prosecutors had launched a criminal probe against officials of PetroSaudi in an “escalation of the scandal at Malaysia’s 1MDB state investment fund”.

“The investigation into two unnamed individuals from PetroSaudi for suspected offences including fraud, bribery and aggravated money laundering is part of a long-running wider inquiry into misappropriation of 1MDB funds, the public prosecutor’s office confirmed to the FT,” the report said.

PetroSaudi ran an energy joint venture with 1MDB from 2009 to 2012.