New details on the 1MDB scandal

|By:, SA News Editor

Two Swiss banks - Falcon Private Bank and BSI (OTC:EFGIF) - are suspected of involvement in Malaysia's 1MDB scandal, according to Switzerland's attorney general, who found that up to $7B of funds flowed through the state fund.

A former Goldman Sachs (NYSE:GS) banker is also in plea talks with U.S. prosecutors over an alleged scheme to steal billions of dollars 1MDB, bringing the probe closer to Wall Street firm.

Subscribe for full text news in your inbox