Switzerland looking to absorb RM400 million in 1MDB-linked money


SWITZERLAND is looking to absorb RM400 million in funds liked to 1Malaysia Development Bhd (1MDB), which was seized from several banks last year.

According to Malaysiakini, Swiss Finance Minister Ueli Maurer said the money is already with the Federal Treasury as there were no claimants.


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Comments


  • Is the govt going to claim the money? RM400.00 M reports says LINKED TO IMDB......IF THERE IS NO HANKY- PANKY INVOLVED IN 1MDB WHY IS THE GOVT NOT INTERESTED IN THE MONEY? THIS IS THE TAX PAYER MONEY.

    Posted 2 years ago by Mohanarajan murugeson

  • "A coalition of 112 Malaysian pressure groups, led by Bersih and the Centre to Combat Corruption and Cronyism, are seeking restitution of the funds to Malaysia." ....... IDIOTS, do all of you want the money repatriated to Malaysia Finance Ministry ???? ...... money should be put in escrow (with interest) until Malaysia has a corruption free government.

    Posted 2 years ago by Malaysian First

  • This RM400 million confiscated by the Swiss government is the profits generated by the 3 swiss banks through handling the money stolen from 1MDB. This indicates that the principal sums (the stolen funds) could reach RM20 billion, which verifies Finma’s earlier claim that “at least US$4 billion had been misappropriated from 1MDB and its subsidiaries, part of which sum was transferred to Swiss accounts by Malaysians and UAE officials.” The 112 Malaysian NGOs led by Bersih and C4 are to be commended for taking the initiative to seek the restitution of the seized cash on behalf of the Malaysian people. Meanwhile, Prime Minister Najib Razak is duty bound to promptly issue a statement to clarify his government stance with regards to this seized fund now held by the Swiss Federal Treasury.

    Posted 2 years ago by Kim quek

  • Will US DOJ also Sapu the USD 2 Billions or more from poor Malaysians!!!

    Posted 2 years ago by Yong Yeok Fong