RBS cited client confidentiality, said The Times. The UK's Serious Fraud Office (SFO) is undertaking its own investigations into alleged corrupt practices involving Malaysia's 1MDB, reportedly due to the possible involvement of the Royal Bank of Scotland (RBS) in the transfer of state fund's out of Malaysia. According to a report by Bloomberg, SFO, which has been investigating Malaysian Prime Minister Najib Razak's government for more than two years, will also look at whether there was any wrongdoing on behalf of RBS Coutts has declined to comment.
The UK's Serious Fraud Office (SFO) is undertaking its own investigations into alleged corrupt practices involving Malaysia's 1MDB, reportedly due to the possible involvement of the Royal Bank of Scotland (RBS) in the transfer of state fund's out of Malaysia. According to a report by Bloomberg, SFO, which has been investigating Malaysian Prime Minister Najib Razak's government for more than two years, will also look at whether there was any wrongdoing on behalf of RBS Coutts has declined to comment.