KINI ROUNDUP | Here are the key headlines that you may have missed yesterday, in brief.

Swiss probe finds dodgy 1MDB-linked accounts

Switzerland's Financial Market Supervisory Authority (Finma) said its 1MDB investigation showed funds linked to the company were transferred within a client group that controlled over 100 accounts at BSI Bank in transactions that poses "serious breaches of money-laundering regulations".

Finma also found that the client adviser responsible for accounts linked to 1MDB at BSI ignored red flags raised by compliance checks despite the transfer of hundreds of millions in US dollars, and the unnamed executive later rose to become one of the bank's top earners.

The Swiss regulator also announced the confiscation of almost RM400 million in profits generated by the bank from transactions related to 1MDB-linked accounts that suffered from serious lapses in proper oversight.

1MDB pays Bank Negara fine

While back home in Malaysia, 1MDB which was slapped with an administrative action by Bank Negara for failing to repatriate overseas investments, yesterday paid the fine imposed on it, though it declined to reveal the amount.

In Parliament, Deputy Finance Minister Johari Abdul Ghani. said the government never claimed that 1MDB was a good investment, pointing out that the fund's wrong business model, weak management and poor governance were why authorities were ordered to investigate the company.

Johari also said it is the responsibility of all those in the Dewan Rakyat to ensure that the debt-ridden sovereign wealth fund can no longer borrow from public funds.

Prime Minister Najib Abdul Razak however insisted that there is no misappropriation in 1MDB's funds, telling the House that the company’s accounts and administration are in order and the only weakness being in its management.

Rafizi dared over 'money-women' claim

Selangor Umno gave PKR secretary-general Rafizi Ramli five days to file a report with authorities regarding the allegation of money and women being sought in deals involving the Selangor state government, or they will report him for obstructing justice.

While Malay rights group Perkasa president Ibrahim Ali called on Rafizi to be a “real whistleblower” and publicly reveal the details surrounding the allegations, like he had done when exposing alleged wrongdoings in federal government’s administration.

Commenting on the matter, BN lawmaker Noor Ehsanuddin Mohd Harun Narrashid (BN-Kota Tinggi) took a swipe at the allegations in the Dewan Rakyat, interjecting that the administration's CAT - the acronym for competency, accountability and transparency - has now turned into a "meow".

More Kini bites

The National Union of Journalists (NUJ) Malaysia has lent its voice against proposed amendments to the Communications and Multimedia Act (CMA) 1998, noting that they could further entrench censorship in an already heavily regulated environment for the media.

Home Minister Ahmad Zahid Hamidi said that no disciplinary action has so far been taken against police officers allegedly involved in the death of Syed Mohd Azlan Syed Mohamed Nur while in custody, as the 2014 case is still under probe.

The Malaysian Anti-Corruption Commission (MACC) has completed its investigation against Penang Chief Minister Lim Guan Eng over the Jalan Pinhorn bungalow case and submitted the investigation papers to attorney-general Mohamed Apandi Ali. It is awaiting his decision on whether to prosecute the case or not.

Looking ahead

The Kuala Lumpur High Court will deliver its decision in the suit brought by lawyer Muhammad Shafee Abdullah against the Bar Council and senior lawyers for moving a motion at the Bar’s Annual General Assembly last year calling for his censure, following his roadshows on his role in securing jailed former opposition leader Anwar Ibrahim's conviction, arguing that he has brought disrepute to the legal profession.

Today is the last day of the current Dewan Rakyat sitting.