Malaysia has filed 16 charges against the former branch manager of Switzerland 's Falcon Private Bank as part of its ongoing probe into the Malaysian Development Berhad ( 1MDB ) scandal , becoming the second Swiss lender to be embroiled in the hard - hit state investment fund . The bank, which is also under investigation at home, was the second Swiss lender whose Singaporean unit was ordered to cease operations last year after Police have found that nearly $ 700 m was transferred from an account at Falcon Private Bank in Singapore in 2013 to accounts in Malaysia belonging to " Malaysian Official 1 " , which US and Malaysian officials believe refers to Malaysia 's Prime Minister Najib Razak Najib , who is being investigated over money laundering .
Malaysia has filed 16 charges against the former branch manager of Switzerland 's Falcon Private Bank as part of its ongoing probe into the Malaysian Development Berhad ( 1MDB ) scandal , becoming the second Swiss lender to be embroiled in the hard - hit state investment fund . Police have found that nearly $ 700 m was transferred from an account at Falcon Private Bank in Singapore in 2013 to accounts in Malaysia belonging to " Malaysian Official 1 " , which US and Malaysian officials believe refers to Malaysia 's Prime Minister Najib Razak Najib , who is being investigated over money laundering .