Banker who approved diversion of US$700m from 1MDB to Jho Low on trial

An employee of Coutts & Co who approved the diversion of US$700 million from 1MDB to an account controlled by businessperson Low Taek Jho has gone on trial in Geneva, Switzerland, according to Bloomberg.

The report said Swiss prosecutors were pursuing the 52-year-old former banker, only referred to as "A", in part due to his role in the approval.