Business

Swiss A-G confident about 1MDB probe

BERN: Swiss Attorney-General Michael Lauber expressed confidence yesterday that the money laundering probe into scandal-hit Malaysian fund 1MDB would bear fruit despite Malaysian authorities' refusal to cooperate.

"It's not hopeless, in fact it's the opposite," Mr Lauber told a news conference, saying the probe was making progress based on money-laundering reports, bank documents and work with Singapore and other countries.

"It would have been very desirable from our perspective if Malaysia had cooperated," he said.

"But we're still confident that we can successfully conclude the process in this area, in particular in the open cases against the two banks," he said, referring to Swiss private banks BSI and Falcon. 
- REUTERS

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