(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.
