IslamicFinance.de

Malaysia's government through Deputy Prime Minister Ahmad Zahid Hamidi issued a startling statement saying the Swiss attorney- general should not have made public his request for Malaysia's help into 1MDB probe. More specifically, it was related to the US$4 billion (RM16.6 billion) suspected misappropriations by 1MDB and possible violations of Swiss law. The government must be very nervous since Switzerland is no longer the safe secret haven for ill-gotten funds as its banking secrecy law is no longer what it used to be. Since the Swiss AG's report mentioned possible involvement of former Malaysian government officials, Putrajaya is getting plenty of sleepless nights.