Global Investigations Review - The law and practice of international investigations

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Thursday, 31 May 2018

Malaysia meets with Singaporean police in 1MDB probe

Singaporean police reportedly held a meeting with Malaysian authorities on 31 May to discuss how evidence would be shared in Malaysia’s investigation into $4.5 billion that was allegedly embezzled from Malaysia’s development fund.

Malaysia’s Anti-Corruption Commission (MACC) also reportedly met with the US Department of Justice and FBI on 24 May to discuss strategy for the investigation.

The MACC is currently investigating former Prime Minister Najib Razak over the missing $4.5 billion.

Swiss OAG denies dropping investigation into former UEFA chief

Switzerland’s Office of the Attorney General (OAG) has denied that it has dropped its investigation into alleged bribery committed by UEFA’s former president, Michel Platini, according to German press agency Deutsche Presse-Agentur.

The OAG made the statement in response to reports that the ex-UEFA chief claimed that he had received a letter from the authority that said he would not be prosecuted. Calling Platini’s interpretation of the letter false, the OAG reportedly said that it had informed the former UEFA president that no formal charges were pending against him, but had said that the investigation continues.  

The OAG launched its investigation into Platini over a €1.8 million allegedly improper payment Fifa’s former president Joseph Blatter made to him in February 2011 for work that occurred between 1999 and 2002.

Kenya investigates 10 banks over $100 million theft

Kenya’s Directorate of Criminal Investigations is probing 10 banks accused of handling $100 million that was allegedly stolen from the government’s National Youth Service, The East African reports.

Included on the list of 10 banks are Kenyan subsidiaries of UK banks Barclays and Standard Chartered. Barclays Bank of Kenya told Reuters: “We always co-operate fully with any investigating agencies as called upon.”

The other nine banks did not deny wrongdoing or comment on their approach to the probe.

The other banks are Stanbic Kenya, Equity Group, Co-op Bank, National Bank, Diamond Trust, Consolidates Bank and financial cooperative Unaitas.

Kobe Steel office and plants raided by police and prosecutors

Tokyo District Public Prosecutors Office and Tokyo Metropolitan Police raided the office and plants of Kobe Steel. The firm is suspected of violating the unfair competition prevention law.

The raids are part of an investigation into the firm after Kobe Steel admitted to providing fraudulent data on its steel quality in March, and that the fraud had been going on for nearly five decades. The CEO of the company has said he will resign in light of the scandal.

Kobe Steel is Japan‘s third biggest steelmaker, and is also under investigation by the US Justice Department. 

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