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

KUALA LUMPUR - A task force investigating a multi-billion-dollar scandal at state fund 1Malaysia Development Berhad (1MDB) said on Monday (July 2) that it had frozen 408 bank accounts, involving funds of about RM1.1 billion (S$372 million), 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.

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