Switzerland widens probe into murky Malaysia fund...

Switzerland said on Tuesday that it has widened its corruption probe into a Malaysia state-owned fund linked to Prime Minister Najib Razak, with two new individuals under investigation for a suspected phony bond deal.

The Swiss attorney general's office (OAG) identified the new suspects as two United Arab Emirates (UAE) officials who controlled sovereign funds based in Abu Dhabi.

In a statement, the OAG said it had evidence that the management of 1Malaysia Development Berhad (1MDB) violated Swiss embezzlement laws through a fraudulent bond sale to UAE officials with money routed through Swiss banks.

Allegations that billions were looted from 1MDB in a vast campaign of fraud have shaken Najib's government.

 The scandal intensified last week when a Malaysian parliamentary committee clearly suggested misconduct had occurred, in the first condemnation from an official body in Kuala Lumpur. Full story...

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