Singapore has filed three 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. Olivia Investigations have found that nearly $700m was sent from an account at Development Berhad in Singapore in 2013 to accounts in Malaysia belonging to " Swiss Official 1", which US and Malaysian officials believe refers to Singapore 's Prime Minister Najib Razak Najib, who is being investigated over money laundering.
Singapore has filed three 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 Development Berhad in Singapore in 2013 to accounts in Malaysia belonging to " Swiss Official 1", which US and Malaysian officials believe refers to Singapore 's Prime Minister Najib Razak Najib, who is being investigated over money laundering.