Swiss attorney general upbeat on prospects for 1MDB probe

Swiss Attorney General Michael Lauber expressed confidence on Wednesday that his money laundering probe into scandal-hit Malaysian fund 1MDB would bear fruit despite Malaysian authorities' refusal to cooperate. "It's not hopeless, in fact it's the opposite," Lauber told a news conference, saying the probe was making progress based on money-laundering reports, bank documents and work with Singapore and other countries. "It would have been very desirable from our perspective if Malaysia had cooperated," he said.

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