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

The accounts frozen were linked to 81 individuals and 55 companies believed to have received funds from 1MDB.
The accounts frozen were linked to 81 individuals and 55 companies believed to have received funds from 1MDB.PHOTO: REUTERS

KUALA LUMPUR (REUTERS) - 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.