Switzerland says Najib not a target in 1MDB probe

Attorney-General Tommy Thomas meets his Swiss counterpart Michael Lauber to discuss investigations into 1MDB

"I can't say all were misappropriated, some were used (in a) Ponzi scheme. fraud - away from 1MDB's original goal, which is for (the) development of Malaysia - to bribe officials, to pay interests to keep the Ponzi scheme running".

The Swiss Attorney-General's Office said in a statement that the six under investigation are two former officials from 1MDB, two former officials from Abu Dhabi sovereign funds and two officials from the Saudi energy group PetroSaudi.

The Swiss government is now investigating the utilisation of funds in 1MDB and its former subsidiary SRC International Sdn Bhd which were initially earmarked for economic development and investments.

"I recall that in my written reply to Switzerland, as the AG then, that since the Malaysian investigation was still ongoing, to accede to the Swiss request could prejudice the criminal matter in Malaysia", he told FMT.

After the meeting with Thomas, Lauber told reporters yesterday (10 July) that Swiss authorities are now investigating six people who are allegedly involved in the 1MDB scandal, while two Swiss banks, Falcon Private Bank and BSI SA, remain under suspicion.

"The Swiss have no interest in them, there is so far nothing to link the ex-prime minister to (the) investigation in Switzerland", he said.

Najib's allegation against Thomas was due to an alleged article in 2016 when Thomas wrote an article titled "Grand Larceny 1MDB", concluding that the money deposited into Najib's personal bank account was actually 1MDB's money.

Najib, prime minister until a shock May 9 election loss, was arrested and charged by Malaysian authorities for abuse of power and criminal breach of trust in connection with transactions linked to SRC International, a former unit of 1MDB.

News daily The Star reported Apandi lashed out against the claims made by Swiss Attorney General Michael Lauber during his recent visit to Malaysia.

Red Bull F1 unable to take podium spot at British Grand Prix
Verstappen's race ended after he spun out as the result of a brake-by-wire malfunction which caused clutch damage. It was a joke". "Obviously if it wasn't Red Bull, [Ferrari and Mercedes are] the two most attractive options".

Caroline Flack confirms SPLIT from fiancé Andrew Brady
Love Island host Caroline Flack has revealed that she has called off her engagement to Apprentice star Andrew Brady . It's what I've been looking for. "My life was complete before you came into it - a man doesn't complete your life".

Peter Carrington, last survivor of Winston Churchill’s gov’t, dies at 99
In his autobiography Lord Carrington wrote that "despite the impossibility of his behaviour" Mintoff was "a genuine patriot". Carrington chaired the Lancaster House talks in 1979 which led to to the establishment of an independent Zimbabwe.

"It is of crucial importance that this high-profile case, it is very clear that we understand what does it mean and [the] different systems might have impact on [achieving] a concrete legal proceeding", he said.

He also hopes to temper expectations on when any monies recovered by the Swiss authorities could be returned to Malaysia.

"It's a complex and huge worldwide case", he said.

"My operational team is also here to discuss where we are [in the progress of the probes]", he said, adding that it is too early to concretely establish how much progress has been made.

The report said Switzerland's Office of the Attorney General (OAG) had requested for mutual legal assistance from Malaysia on two occasions, but received no response in return. "When I met my counterpart, I saw his will - he is also very down to earth, it's a very, very good start".

"Don't take the job unless you are up for it".

Overall, Lauber is expecting the investigation and proceedings to spread out over the course of a few years.

"You can not bribe me, I have a small apartment in Zurich where I live, I have no auto, no bicycle, not even a boat".

Related:

  • England fans' hilarious memes moaning about work before semi-final

    England fans' hilarious memes moaning about work before semi-final

    They will now face Croatia or England in Sunday's showdown and are likely to be heavy favourites regardless going into that match. Both teams have fought their way valiantly to this point, even getting through penalty shootouts to advance.
    'The English Patient' voted best Man Booker Prize novel

    'The English Patient' voted best Man Booker Prize novel

    The film adaptation starring Kristin Scott Thomas and Ralph Fiennes won nine Academy Awards in 1997, including best picture. Ondaatje was born in Sri Lanka in 1943, moved to England in the early 1950s and came to Canada in 1962.

    Caroline Flack and Andrew Brady have split up

    Shedding light on her emotional state, she took to Twitter shortly after releasing her statement and simply posted a crying Emoji. And now it is reported that Caroline Flack , 38, ended things with her beau because she believed he was cheating on her.
  • Dozens hurt, 3 critical, after storm slams North Dakota city

    Dozens hurt, 3 critical, after storm slams North Dakota city

    Governor and myself will be looking into what it takes to make sure that we have state of the art capability", said Burgum. Sanford said the extent of the damage is 'devastating and mind-boggling, with RVs utterly flattened and destroyed'.
    Gareth Southgate says England face toughest World Cup test against Croatia

    Gareth Southgate says England face toughest World Cup test against Croatia

    Lovren was not impressed when he was reminded of that day by an English reporter. We need all the players but those on the pitch must be fully fit".
    Kate Middleton Has Worn This Designer at All of Her Children’s Christenings

    Kate Middleton Has Worn This Designer at All of Her Children’s Christenings

    Prince Louis Arthur Charles of Cambridge has been christened , marking his first public event since his birth on April 23. Pippa Middleton , who is expecting her first baby in the fall, was among the first of the guests to arrive at the chapel.
  • Sarah Palin Tricked Into Interview by ''Truly Sick'' Sacha Baron Cohen

    Sarah Palin Tricked Into Interview by ''Truly Sick'' Sacha Baron Cohen

    It wasn't immediately clear how Cohen's humor was derisive toward middle-class Americans as Palin claimed. She added: "Here is my challenge, shallow Sacha boy: go ahead-air the footage".
    United Kingdom  is getting worse at broadband

    United Kingdom is getting worse at broadband

    Unsurprisingly, the slowest speeds overall were found in less economically developed states: Yemen, East Timor and Turkmenistan. In fact, the United Kingdom has actually slipped one place in the league and now comes 35th overall for speeds.

    George Clooney injured in motorbike accident

    His wife, Amal , rushed to her husband's side at the hospital, and left with the superstar after his injuries were deemed minor. Add George Clooney as an interest to stay up to date on the latest George Clooney news, video, and analysis from ABC News .
  • Sei Young Kim sets 54-hole mark at 24 under

    Sei Young Kim sets 54-hole mark at 24 under

    During the final round, Kim showed outstanding accuracy with her iron shots, with a Greens in Regulation percentage of 94.4. Kim posted an eight-under 64 on Saturday to get to 24-under and will have an eight-shot lead with 18 holes left on Sunday.
    Aaron Finch becomes first player in T20Is to reach 900-point mark

    Aaron Finch becomes first player in T20Is to reach 900-point mark

    For this, apart from the players themselves, the selectors and the chief selector Inzamam-ul-Haq must all be congratulated. With scores of 61, 6, 47, 73 and 91 in Zimbabwe , he moved up 44 spots to reach No.2 - a career-best for him so far.
    President Lungu attends Turkish President Erdo?an’s inauguration

    President Lungu attends Turkish President Erdo?an’s inauguration

    Erdogan appointed his son-in-law as Turkey's finance minister on Monday hours after taking his oath of office. There is a two-term limit on the office of the president, so he could effectively stay in power until 2028.

Comments

Latest news

May stares down Brexit plan backlash as ministers quit
Another Tory Remainer, Stafford MP Jeremy Lefroy, argued that the Government had made "considerable progress" on Brexit. Others have voiced their support for May's premiership and against a future Labour prime minister.

Shark bites University of Miami student in Bahamas
While feeding a small group, Melissa Brunning was dragged into the water by her finger before breaking free. She said the shark released quickly, so she was able to cover the bite on her left arm and get to shore.

Meghan Markle brushes rumours of controversy aside by wearing Emilia Wickstead
After arriving at Dublin City Airport, Harry and Meghan were due to meet with Irish Prime Minister Leo Varadkar. This trip is the first official overseas royal tourfthe Duke and Duchess have carried out as a married couple.

Wimbledon could detract from cup final, jokes Roger Federer
Wimbledon's men's final traditionally starts on Sunday at 2pm (UK time) and the World Cup final kicks off two hours later.

European Council President Donald Tusk Has A Stern Warning For Trump
Mr Trump predicted as he departed Washington that the "easiest" leg of his journey would be his scheduled sit-down with Mr Putin. Russia's behavior is another important topic and one that will be most uncomfortable for Trump.

Liverpool open talks with Stoke City over Xherdan Shaqiri
Former Stoke boss Mark Hughes signed Shaqiri from Inter Milan in August 2015 for £12million. Fekir is now part of the French squad which have made it to the World Cup final.

Facebook handed maximum data breach fine for role in Cambridge Analytica scandal
The Information Commissioner's Office has issued the maximum fine allowed under the 1998 Data Protection Act, of £500,000. A Facebook spokeswoman said the company was cooperating fully with an investigation by Australia's privacy commissioner.

Liverpool goalkeeper's nightmare 2018 season continues, back with another howler in friendly
We can't make a story after each mistake. "I don't like it, you don't like it, he doesn't like it, but they do happen. Tranmere's official Twitter account initially posted a video of the howler but quickly took it down.

Bulldog saved by tiny oxygen mask on JetBlue flight
Goodness and kindness along with the ability to assess a medical crisis, albeit a canine in crisis saved the day. Fenster then said he "decided that we needed to consider using oxygen to support the animal".

Russian spacecraft aims to break record for fastest trip to space station
The SpaceX's 15th cargo flight to the space station that launched on June 29 took three days to reach the space station. The Progress 70 launch is Russia's third attempt to fly a superfast mission to the space station.

Where to score a selfie with Trump Baby in London
Trump is expected to arrive on Thursday after a North Atlantic Treaty Organisation summit in Belgium. Monitor local media for updates.

Destroying Iran deal would have unforeseeable consequences, China's Li warns
He hastened to add, though, that this signal should come in the form of a renewed commitment to free trade, not a blunt warning to Trump.

Thai PM thanks people involved in cave rescue
The rescued boys had not been identified out of respect for the families whose sons were still trapped, officials had said. Some cross the border each day to go to school, a routine that Wassana Saebaew, one of their classmates, knows well.

Deschamps hails French character after semi-final win
Who wins England-Croatia? And where does all the value lie? England have been based in Repino near St. Petersburg for the tournament, but their campaign has taken them to five different host cities.

Teaser Trailer for Yorgos Lanthimos' Wacky Comedy 'The Favourite'
Their burgeoning friendship gives her a chance to fulfil her ambitions and she will not let woman, man, politics, or rabbit stand in her way .

Other news