BFM 89.9

Podcast  >  Morning Run  >  Current Affairs  >  Behind the Swiss Vote on Fund Repatriation

Behind the Swiss Vote on Fund Repatriation

Lukas Straumann

15-Mar-18 08:35

Behind the Swiss Vote on Fund Repatriation

Later today, Swiss lawmakers will be voting on a motion to amend the law on how to handle ill-gotten bank profits seized by authorities. This is related to the 104 million Swiss francs (RM430 million) that is currently held by the Swiss Treasury -- monies from a fine by the Swiss bank regulator Finma on three banks.

Yesterday 1MDB released a statement saying the money does not belong to 1MDB, and cannot be claimed by the government of Malaysia.

The Ministry of Finance has also refuted Swiss lawmakers’ allegations that 1MDB’s assets have been misappropriated.

Civil society groups however have been calling for the repatriation of seized funds to Malaysia. One of the NGO is the Swiss-based Bruno Manser Fonds.

We speak to Lukas Straumann, Executive Director of Bruno Manser Fonds.

Presented by: Melisa Idris

This and more than 60,000 other podcasts in your hand. Download the all new BFM mobile app.


Tags:  1MDBSwitzerlandparliamentrepatriationseized assets

Share this podcast

Play / Pause

Listen now : Morning Brief

Today’s Shows

6:00 AM

The 6AM Stretch

7:00 AM

World Market Watch

7:15 AM

Morning Brief

8:00 AM

The Breakfast Grille

Alexandre Rosso, CEO, Bake With Yen Group

8:30 AM

Morning Brief

9:00 AM

Opening Bell

9:35 AM

People, Planet, Profit

10:05 AM

Open For Business

Benjamin Liphilibert, Founder, LightBlue Consulting

11:05 AM

Resource Centre

First Came The Great Resignation, Then…

12:00 PM

Enterprise Biz Bytes

Nur Hamurcu, Partner at &SAMHOUD and Dr. Wieke Scholten, Behavioral Risk Expert at &SAMHOUD

1:00 PM

The Breakfast Grille Repeat

Alexandre Rosso, CEO, Bake With Yen Group

2:05 PM

Live & Learn

Women’s Rights Must Be A Priority for the New Government

3:05 PM

Today I Learned

Making Sense of the Protests in China

4:05 PM

Health & Living

When Is A Positive A Negative…And Other Confusing Medical Terms

5:00 PM

The Evening Edition

5:35 PM

Today On Twitter

6:05 PM

Inside Story

7:05 PM

The Evening Edition

7:35 PM

Popcorn Culture

8:05 PM

By The Book

9:00 PM

Bar None