Swiss parliament rejects call to return 1MDB-linked funds to Malaysia

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ZURICH: Switzerland’s parliament rejected on Thursday a bid to amend the law handling ill-gotten bank profits seized by authorities that had aimed to return more than US$100mil (RM390mil) linked to scandal-hit sovereign fund 1Malaysia Development Berhad (1MDB) to the Malaysian people.  

Champions of the campaign had acknowledged they faced an uphill struggle to get the idea through parliament, whose lower house shot the plan down at the request of the government.