KUALA LUMPUR/ZURICH/BANGKOK (Sept 21): Switzerland said it regrets a decision by Thai authorities not to extradite Swiss national Xavier Justo, a possible key witness in the global money-laundering probe linked to Malaysian state fund 1Malaysia Development Berhad (1MDB). Thai Justice Minister Gen Paiboon Koomchaya was quoted telling Malaysian state news agency Bernama that the decision to deny Justo's transfer was made "in accordance with Thai law". The Swiss foreign office said it took note of the decision with "regret". "Switzerland has not yet been officially informed by the Thai authorities of the decision to refuse the transfer to Switzerland," it said in a statement to Reuters. The decision to reject Justo's transfer to Switzerland came shortly after Malaysia's prime minister concluded a visit to Thailand.

Source: The Edge Markets September 21, 2016 02:15 UTC