Swiss authorities say a Ponzi scheme was used to conceal 1MDB losses and press Malaysia for assistance for a second time. Their initial request to Malaysia is “still pending.” Meanwhile Perisai Petroleum’s bond default is not good news for bankers Maybank, RHB Bank and AMMB. And McDonald’s Malaysia looks set to be sold to Saudi’s Reza Group for US$400 mil. Jaqueline P’ng has more.
