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 .
Singapore has filed 16 charges against the former branch manager of Switzerland's Falcon Private Bank as part of its ongoing probe into the 1Malaysia Development Berhad (1MDB) scandal, marking the second Swiss lender to be embroiled in the scandal-hit state investment fund. Investigations have found that nearly $700m was sent 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.