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Alleged 1MDB-linked funds seized by Swiss gov't: NGOs seek RM433m

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A coalition of 112 NGOs led by Bersih and the Centre to Combat Corruption and Cronyism (C4) are seeking the restitution of CHF104 million (RM433 million) in alleged 1MDB-linked funds seized by the Swiss government.
The NGOs are looking to channel the money into an interim trust fund pending the 14th general election (GE14), so that it can be used for the benefit of all Malaysians.
"We feel that this money can't go back to the present government because they have a track record of using that money for elections...we don't want this money to be used for GE14," Bersih chairperson Maria Chin Abdullah said at a press conference in Petaling Jaya today.
The CHF104 million was seized by Swiss financial regulator Finma from three banks accused of being involved in the illicit laundering of 1MDB funds.
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