KUALA LUMPUR: 1Malaysia Development Bhd (1MDB) insists it has not lost any money, saying the 104 million Swiss francs (RM430 million) currently held by the Swiss Federal Treasury is actually a fine by the Swiss Financial Markets Authority (Finma) against certain banks and cannot be claimed.
In a statement yesterday, the fund said the sum represents the amount ordered as disgorgement of profit by Finma against certain banks for alleged breach of Swiss laws.
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