1MDB task force freezes bank accounts of 81 persons, 55 firms

The task force investigating misappropriation and abuse of 1MDB funds says the accounts were frozen according to provisions of the law. (Reuters pic)

PETALING JAYA: The 1MDB task force has frozen a total of 408 bank accounts with funds amounting to RM1.1 billion belonging to 81 individuals and 55 companies.

The accounts are believed to have received 1MDB funds.

“The accounts are believed to be linked to the misappropriation and abuse of 1MDB funds. It involves almost 900 transactions between March 2011 and September 2015,” a statement from the task force said.

“All accounts were frozen based on the law and therefore, there is no issue of victimising anyone.”

The task force said it was currently carrying out investigations to determine the level of involvement.

“It is a comprehensive probe to be fair to all those involved,” it said.

Calling for full cooperation, the task force said it was unlikely that more accounts would be frozen.

It was previously reported that a task force investigating a multi-billion dollar scandal at state fund 1MDB had frozen bank accounts belonging to the political party of former prime minister Najib Razak.