10 July 2018, Swiss Attorney General， Michael Lauber said that according to the country’s investigation agencies, a total of 7 billion US dollars (about RM 28 billion) of funds was lost through the Malaysia’s 1MDB economic development fund.
According to Bloomberg, investigators need to further identify how much money is being abused.
Michael Lauber had previously revealed that a portion of the funds of up to $4 billion (about RM16 billion) was remitted to Swiss bank accounts, which were former civil servants in Malaysia and current civil servants in the United Arab Emirates (UAE).
The Swiss Attorney General’s Office is now seeking evidence to prove that a fund related to the Malaysia’s 1MDB economic development fund has entered the Swiss financial institutions.
Subsequently, Michael Lauber once said in mid-April 2017 that although Malaysia refused to cooperate with the investigation of 1MDB, he was confident that the Swiss investigation on the case would have results.
“But we still have confidence that we can summarize the investigations in this region, especially for the investigation of the two banks.”
According to reports, the two banks referred to by Michael Lauber are Bank of Switzerland (BSI) and Bank of Anjo (Falcon).
The Swiss General Prosecutor’s Office stated in November 2016 that Malaysia once again rejected Switzerland’s request for legal aid in the case of a development company.