In the News: C4 in Switzerland to push for asset recovery


Source: Reuters pic

This week, C4 Center Executive Director Cynthia Gabriel was in Bern, Switzerland for meetings with Swiss politicians and civil society groups to drive the effort towards the repatriation of 1MDB-related profits. C4 Center, Bersih 2.0 and partners Bruno Manser Fonds and Global Bersih put out a joint press statement which can be found here

From Free Malaysia Today

Several civil society organisations today hailed the initiative by Swiss lawmakers to amend legislation on how to handle ill-gotten bank profits seized by authorities, amid the push for 104 million Swiss francs (RM400 million) linked to 1MDB to be returned to Malaysians.

Centre to Combat Corruption and Cronyism (C4) director Cynthia Gabriel, who was in Bern for a meeting with the organisations and Swiss MPs yesterday, said an open debate in Parliament on the issue had never taken place.

“It is a shame that the Malaysian government has deliberately refused to acknowledge the illicit profits and financial flows related to 1MDB, leaving the Swiss Parliament to debate and vote on the 1MDB scandal,” she said in a joint statement today.

From Reuters

“It will be difficult to get a majority (in parliament) but we are confident. If there is no majority it is not a defeat, it is a first step,” Sommaruga told reporters on Tuesday.

Cynthia Gabriel, director of the Malaysian Centre to Combat Corruption and Cronyism (C4), said the fact that the Malaysian government has not requested the funds complicated matters. Activists hope that a win for opposition parties in Malaysian elections this year could bring about a change.

From Malaysiakini

Illicit funds seized in Switzerland are not to be returned to a country’s government but to its people, a Swiss lawmaker has clarified. In an email correspondence, Geneva MP Carlo Sommaruga’s party told Malaysiakini that the money would be channelled to those in need through NGOs with high integrity.