Government propaganda arm Special Affairs Department (Jasa) has claimed that the €8.985 million (RM43 million) fine slapped against private bank Edmond de Rothschild was a result of money laundering activities linked to Abu Dhabi's International Petroleum Investment Company (IPIC), and not 1MDB.

Tun Faisal Ismail Aziz, who is a member of Jasa's advisory panel, said this was because the central figure involved was former managing director of IPIC, Khadem Abdulla Al-Qubaisi.

He accused Reuters and Finews Asia of deliberately linking 1MDB to the fine imposed by the Luxembourg Financial Sector Supervisory Commission (CSSF)...