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Some US$7 bil in 1MDB funds in global financial system: Swiss AG

PC Lee
PC Lee7/11/2018 10:27 AM GMT+08  • 2 min read
Some US$7 bil in 1MDB funds in global financial system: Swiss AG
(July 11): Some US$7 billion ($9.5 billion) in funds from 1Malaysia Development Bhd (1MDB) has circulated in the global financial system, Switzerland Attorney-General Michael Lauber told the press at a media session in Putrajaya on Tuesday, reported The E
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(July 11): Some US$7 billion ($9.5 billion) in funds from 1Malaysia Development Bhd (1MDB) has circulated in the global financial system, Switzerland Attorney-General Michael Lauber told the press at a media session in Putrajaya on Tuesday, reported The Edge Financial Daily.

Lauber also clarified that the Swiss government had frozen some 400 million Swiss francs ($548 million) in Switzerland said to be linked to the troubled Malaysias state investment fund which has seen at least US$3.5 billion siphoned off.

The visit by the Swiss AG and his delegation on Monday and Tuesday followed direct communication established with Malaysia’s AG Tommy Thomas last week.

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