KUALA LUMPUR (April 1): 1Malaysia Development Bhd (1MDB) said foreign legal authorities had yet to contact the company after Luxembourg's state prosecutor launched a judicial inquiry on the Malaysian government-owned firm.

Reuters reported that Luxembourg's state prosecutor had launched a judicial inquiry into allegations of money laundering involving hundreds of millions of dollars against 1MDB.

The prosecutor said on Thursday that the inquiry followed evidence that funds held by the Malaysian government in offshore accounts in Singapore, Switzerland and Luxembourg had been misused.

1MDB said in a statement late yesterday : "We refer to a statement issued by Luxembourg's state prosecutor, on 31 March 2016, relating to their investigations. 1MDB has not been contacted by any foreign legal authorities on any matters related to the company."

"However, we remain committed to fully cooperating with any lawful authority and investigation, subject to advice from the relevant domestic lawful authorities, and in accordance with international protocols governing such matters," 1MDB said.