Swiss Prosecutor Says 1MDB Used as Ponzi Scheme to Pay Bribes

The video discusses the Swiss investigation into the 1MDB scandal, which began in 2015. It details the misappropriation of $7 billion from 1MDB into the global financial system, with Swiss banks allegedly used as conduits. The investigation faced delays due to lack of cooperation from the previous Malaysian administration. However, with the new government in place, cooperation has increased, involving the US, Singapore, and Switzerland.

When did the Swiss begin their investigation into the 1MDB scandal?

• 2010

• 2015

• 2018

• 2020

What is the estimated amount of money misappropriated from 1MDB?

• $5 billion

• $12 billion

• $7 billion

• $10 billion

How many individuals are being investigated by Swiss authorities in connection with 1MDB?

• Four

• Ten

• Six

• Eight

What action has been taken against some Swiss banks involved in the 1MDB scandal?

• They were given tax breaks

• They were closed down

• They were fined

• They were nationalized

What change in the Malaysian government helped advance the 1MDB investigation?

• The previous administration's denial of missing funds

• Increased funding for the investigation

• International pressure from the UN

• The new government's acknowledgment of missing funds