Money in Switzerland not ours, says 1MDB


THE CHF104 million (RM430 million)  held by the Swiss Federal Treasury does not belong to 1Malaysia Development Bhd (1MDB), and is actually a fine imposed on banks which have allegedly breached Swiss laws, the state investor said today.

Responding to news and press statements by opposition leaders about the Swiss Parliament’s plans to debate and vote on a motion to repatriate the “stolen” funds to Malaysia, 1MDB said the amount in question cannot be claimed by the firm nor by the Malaysian government.


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Comments


  • These thieves' comments really are offensive, you raised billion US dolar debts using the guarantee of Malaysians, you need to explain in the parliament (or later tribunal) where do all the money went? and show the money trails with transcripts? So that we can compare notes with DOJ/FBI's version.

    Posted 6 years ago by Kuasa Rakyat

  • The CHF104 million (RM430 million) is not fines, but illicit profits confiscated by the Swiss government from the three banks which made them by illegally helping the thieves to launder the billions they stole from 1MDB.
    Who are the thieves? Answer: the Malaysian government officials and their accomplices.
    And who is the victim? Answer: Technically, it is 1MDB, but since that fund is controlled by the kleptocrats who stole the money in the first place, isn’t it right and just that the seized money should be returned to the Malaysian people who are the real victims?
    1MDB and the Malaysian government are treating that seized money as taboo is understandable, for any attempt to claim it would shatter their self-delusionary fairy tale that no money has ever gone missing from MDB.



    Posted 6 years ago by Kim quek

  • This is what makes the rakyat angry. If it is not ours, then whose? Are you saying that the Swiss govt judiciary system is is stupid to return the money to Malaysia if it still belongs to them? No right thinking govt will ever do so...n where got govt who doesn't want to lay claim on their money....like Najib govt n the CID? It shows one thing: that these monies were unclean. If to claim it, the judiciary process will revealed the culprit. So, forego it

    Posted 6 years ago by Peace Maker

  • The Swiss investigation show otherwise

    Posted 6 years ago by Mohanarajan murugeson

  • Not to worry! Being a developed European country with plenty of money of their own the Swiss will indirectly give this "questionable" money to deserving Malaysian charities if they receive representations.

    Posted 6 years ago by MELVILLE JAYATHISSA

  • Quote: THE CHF104 million (RM430 million) held by the Swiss Federal Treasury does not belong to 1Malaysia Development Bhd (1MDB), and is actually a fine imposed on banks which have allegedly breached Swiss laws, the state investor said today. UNQUOTE

    Assuming that the RM 430 million was collection of fines in dealing with money movement in connection with 1MDB, it points then to the seriousness of the crime involved. If banks dealing with 1MDB are considered to have committed crimes in Switzerland, then the principals, the 1MDB officials have criminal activities managed by the banks. When seven countries have considered 1MDB activities are crimes, then 1MDB act activities are illegal in Malaysia, unless Malaysia is an outcast among members of United Nations

    Posted 6 years ago by Meng Kow Loh