Fianancial scandal | Powerful Swiss bank was toppled by Malaysia's 1MDB scandal

Powerful Swiss bank was toppled by Malaysia’s 1MDB scandal

The 143-year-old bank placed a bet on high-growth Asia by opening a branch in Singapore. The move led to its downfall

August 19, 2018 10:14 AM (UTC+8)
Malaysia's former prime minister Najib Razak arrives for a court appearance in Kuala Lumpur on August 10, 2018. Razak is facing charges linked to the 1MDB scandal that contributed to his election defeat in May. Photo: AFP/Mohd Rasfan
Malaysia's former prime minister Najib Razak arrives for a court appearance in Kuala Lumpur on August 10, 2018. Razak is facing charges linked to the 1MDB scandal that contributed to his election defeat in May. Photo: AFP/Mohd Rasfan