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1MDB has clarified that it does not claim ownership over the CHF104 million (RM430 million) seized by Swiss authorities.
Instead, 1MDB claimed the seizure revolved around a dispute between Swiss banks and the Swiss government.
"According to the Swiss Finance Minister Ueli Maurer, the relevant banks have disputed the actions of Swiss Financial Market Supervisory Authority (Finma) and are appealing the action in the Federal Administration Court.
"Thus, the CHF104 million is being claimed by the relevant banks. It cannot be claimed by 1MDB or the government of Malaysia as the money does not belong to 1MDB," it said in a statement today.
Instead, 1MDB claimed the seizure revolved around a dispute between Swiss banks and the Swiss government.
"According to the Swiss Finance Minister Ueli Maurer, the relevant banks have disputed the actions of Swiss Financial Market Supervisory Authority (Finma) and are appealing the action in the Federal Administration Court.
"Thus, the CHF104 million is being claimed by the relevant banks. It cannot be claimed by 1MDB or the government of Malaysia as the money does not belong to 1MDB," it said in a statement today.
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- TV Saluran - TV Channel
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