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 Mulholland of President, TJM Limited, Chicago 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

Selena Ling, Chief Economist, OCBC Bank tells us what Trump's 'reciprocal tariffs' mean for Asian economies.

7:45 AM

Morning Brief

Dan Ives of Wedbush Securities discusses the impact of Donald Trump’s sweeping tariffs on the tech industry.

8:00 AM

The Breakfast Grille

Norazlam Norbi, CEO of Sumisaujana Group Berhad discusses the company’s ACE Market debut on April 9, with RM74 million from the IPO fueling expansion, digital transformation, and infrastructure.

8:30 AM

Morning Brief

Dr. Law Teik Hua from Universiti Putra Malaysia explains how the upcoming point-to-point system, could improve road safety.

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 Mulholland of President, TJM Limited, Chicago 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

What's The Focus

We wrap up the week’s biggest conversations to keep you in the know.

10:05 AM

Open For Business

Dean Yeong, Co-Founder, Wolo Yoga

11:00 AM

Mattsplained

Matt Armitage, Founder, Kulturpop

12:00 PM

Enterprise Explores

1:00 PM

The Breakfast Grille Repeat

Norazlam Norbi, CEO of Sumisaujana Group Berhad discusses the company’s ACE Market debut on April 9, with RM74 million from the IPO fueling expansion, digital transformation, and infrastructure.

2:05 PM

Discovery Hour

The 3rd episode of "There's No Planet B" explores climate governance, and why international policies have failed to enact change, with Dr Helena Varkkey, an Associate Professor at the University of Malaya.

3:05 PM

Front Row

tbc

3:20 PM

Front Row

Straddle #2025 is a 4-day artistic exchange program by Five Arts Centre, focusing on identity exploration through dance. We find out more about the inaugural event from artists based in Kuala Lumpur and Montreal.

4:05 PM

Health & Living

Doctor in the House: More than 10 million people worldwide get TB every year, and more than 1 million die from the disease. We look at why TB is still a threat in Malaysia.

5:00 PM

Top 5 at 5

6:00 PM

Popcorn Culture

7:00 PM

Just For Kicks

8:00 PM

Bar None

9:00 PM

The Selector

PROGRAMMES