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.

Categories:

Tags: 1MDB, Switzerland, parliament, repatriation, seized assets

Today’s Shows

6:00 AM

The 6AM Stretch

Thought-provoking discussions on ideas, people and events shaping our lives.

7:00 AM

World Market Watch

Tim Waterer of KCM Trade tells us where international markets are heading.

7:15 AM

Morning Brief

We recap global and local headlines from today's papers and portals.

7:30 AM

Morning Brief

Chris Rogers of S&P Global Market Intelligence discusses how the US China trade truce affects the shipping industry.

7:45 AM

Morning Brief

Alex Ong of Migrant CARE shares his views on the challenges foreign workers face and the reforms needed following recent steps to admit nearly 8,000 stranded Bangladeshi workers.

8:00 AM

The Breakfast Grille

Ir. Professor Dato' Dr. Ewe Hong Tat, President of UTAR, highlights the university’s role in advancing talent, accessibility, and future-ready education.

8:30 AM

Morning Brief

Ranjit Singh, Partner at law firm Ranjit Singh & Yeoh helps us understand Malaysia's insider trading law.

8:45 AM

Morning Brief

(REPEAT) We dive into the local and international news that matters to you.

9:00 AM

Opening Bell

(REPEAT) Tim Waterer of KCM Trade tells us where international markets are heading.

9:15 AM

Opening Bell

(REPEAT) We take a look at the FBM KLCI as well as regional capital markets.

9:35 AM

Pinnacle Perspectives

Joseph D’Cruz explains why ESG is a vital framework for sustainable leadership and business success.

10:05 AM

Open For Business

Nelson Lai, Founder & CEO, JWC Global | Michael Tan, Wholesale Director, JWC Roastery

11:05 AM

P&L

How to Build a Strong Business & Revenue Model

12:00 PM

Enterprise Explores

Empowering Small Businesses, From Offline to Online

1:00 PM

The Breakfast Grille Repeat

LIVE: Ir. Professor Dato' Dr. Ewe Hong Tat, President, UTAR

2:05 PM

Discovery Hour

An eclectic selection of BBC shows, curated with variety in mind.

3:05 PM

Earth Matters

In 2024, Malaysia faced its worst-ever coral bleaching event, with over half its corals affected by extreme ocean heat. Coral reef ecologists Sebastian Szereday and Alvin Chelliah discuss the impact on reefs, marine life, and communities, and what can still be done.

4:05 PM

Health & Living

How much daily salt intake comes from the food you eat outside? We find out how food vendors can introduce low-salt items in their menus.

5:00 PM

Top 5 at 5

6:00 PM

Today I Learned

We discover the history of tea and find out how this drink became a cultural icon and daily ritual for millions worldwide.

7:00 PM

Just For Kicks

8:00 PM

A Bit of Culture

PROGRAMMES