Swiss authorities are now investigating six people for their alleged involvement in the multi-billion dollar 1MDB scandal and two Swiss banks - Falcon Private Bank and BSI SA - remain under suspicion, Swiss Attorney General Michael Lauber told reporters on Tuesday in Putrajaya following a meeting with his Malaysian counterpart Tommy Thomas.
"We think it was a pretext, it was kind of a Ponzi scheme", Mr Lauber said in an interview after the briefing. "We are not talking about weeks or months, we are talking about years. we started about three years ago, we are quite early - we always calculate between five and seven years for high-profile cases - we are now in the middle".
Lauber said he was confident that the coordination could be set up, but "it was not yet there".
"And only then as the second step, we are able by legal obligations to have the monies restituted", he said.
Overall, Lauber is expecting the investigation and proceedings to spread out over the course of a few years. "In [Swiss] legislation, we organise and manage the investigation".
The former AG says he met his Swiss counterpart twice and was merely following the law in denying the request for mutual legal assistance.
"Even if it takes several years, it's the average", he said.
Inspector-General of Police Tan Sri Mohamad Fuzi Harun confirmed today that officers from the Commercial Crimes Investigation Department (CCID) have been issued affidavits from lawyers representing former prime minister Datuk Seri Najib Razak, who accused the force of violating SOPs in the raids at Pavilion Residences. The 1MDB scandal's alleged mastermind and now fugitive Low Taek Jho, or also known as Jho Low, is also not being pursued by the Swiss government, added the Swiss AG.
Thai cave rescue: All 12 boys and soccer coach freed
The drama in Thailand has even resonated as far as Russian Federation , where soccer's World Cup is reaching its final stages. Despite all the risks associated with the rescue, she says she never had any doubt that the boys would all make it out.
After the meeting with Thomas, Lauber told reporters yesterday (10 July) that Swiss authorities are now investigating six people who are allegedly involved in the 1MDB scandal, while two Swiss banks, Falcon Private Bank and BSI SA, remain under suspicion.
"It's a complex and huge global case", he said.
Swiss prosecutors in May revealed they had opened criminal proceedings into two former officials of PetroSaudi.
On the other hand, he clarified that up to now, his team has not made any official contact with 1MDB despite the fund saying previously it was ready to cooperate with foreign investigators in the ongoing probes. "If it's necessary to co-operate with 1MDB officials, then it's a different story and we'd like to see how it's possible".
Switzerland has been investigating how billions of dollars earmarked for economic development through 1MDB was diverted and made its way into Swiss banks.
According to a statement by the Swiss AG's office yesterday, the main emphasis of the discussions during the visit was on the need to affirm a mutual commitment to the rule of law and the resumption of MLA between the two jurisdictions.
"This is just what we saw in our investigations in Switzerland, so a part (of it) most likely went through Switzerland and other parts went somewhere else, " he said.
He said in the video that it was probably his "last message on earth". "I isolated myself from my family members", Knight said. Former UCLA player Billy Knight has died in Phoenix, the Mericopa County Medical Examiner confirmed.
I feel dumb saying hello to them and then saying hello again 10 minutes later, ' he said. "But look at what's going on out there". The host then explained how he never greets guests before the show because he prefers to do so on camera, which makes sense.
Earlier today, both Caroline and Andrew confirmed that they are no longer together and made sure to wish each other all the best. Caroline Flack has announced that her engagement to Andrew Brady is over in an emotional statement confirming their split.
Iran, OPEC's third-largest producer, is facing USA sanctions on its oil exports that are prompting some buyers to cut purchases. The U.S.is reimposing sanctions on Iran, after President Donald Trump withdrew the U.S. from the Iran nuclear agreement in May.
Pakistan will now be heading into a five-match one day global series against Zimbabwe , slated to begin from July 13. D'Arcy Short, despite having an inconsistent run in Zimbabwe , moved into the top-10 for the first time.
Out of the three teams, however, the Sixers could definitely use Korver's three-point shooting to pair with J.J. Most notably, he seemed to have helped second-year small forward Cedi Osman with his three-point shot.
These flight attendants are being hailed for looking after their passengers - no matter their species - during their time of need. They placed a breathing mask over Darcy's nose and mouth and, thankfully, she responded to the extra oxygen nearly immediately.
I've engraved the Queen's head on a blob of gold and The Last Supper but I'm really proud of my portrait of Harry Kane . They worked in '98 and we worked today, we reached out target to get to the final.
Novelist Shamsie, author of Home Fire , selected the Second World War classic from all of the winners of the 1990s. The victor was revealed at the Man Booker 50 Festival in London's Royal Festival Hall on Sunday.
Meghan and Harry Help Honor Royal Air Force
Wickstead should also feel relieved that Markle wore her hair down, in loose waves, after criticising her wedding hairstyle, too. Harry and Meghan's engagements will include official meetings with Taoiseach Leo Varadkar and President Michael D Higgins.
Baby killed as tornado hits RV park
They say another 79 structures had moderate damage from the Tuesday morning twister and 120 had minor to no damage. Schwartzenberger said his onsite commander reported 122 structures in the park were completely destroyed.
Kim shatters LPGA scoring records, wins by 9 shots
Sorenstam won by two over Se Ri Pak when she shot her 27 under at Moon Valley at a tournament that no longer exists. Kim notched her seventh LPGA victory and her first since the Lorena Ochoa Match Play in Mexico past year .
Loris Karius makes awful error against Tranmere
He said: "No one likes that goal but, if we talk about that, then the second goal is Milly's [James Milner's] fault". Karius also made a highly publicised error in the warm-up to the game against Chester at the weekend.
George Clooney reportedly hurt in Italian scooter crash
A photo tweeted by the local news outlet shows a motorcycle beside a slightly damaged Mercedes and a fire extinguisher. The couple have also been joined by George's parents, Nina and Nick Clooney, and Amal's mother Baria Alamuddin.
Reuters Journalists Charged in Myanmar
They are charged with violating Section 3  [c] of the colonial-era law, which carries a maximum penalty of 14 years in prison. Yet the arrest failed to quash their story, which Reuters eventually published as a special report in February.
Yaşar Güler appointed as Turkey's new Chief of Staff
Hours later, Erdogan announced the make-up a new streamlined cabinet which included his son-in-law as finance minister. The role of prime minister has also been eliminated, and the president will now be able to pick his own Cabinet.