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.

What changes occurred in May that affected the investigation?

What are the implications of Swiss banks being used as conduits for misappropriated funds?