NSTnation US delays returning more 1MDB funds to Msia over political uncertainty
Malaysia was plunged into turmoil when 94-year-old Prime Minister Tun Dr Mahathir Mohamad quit on Feb 24.
The US Department of Justice says over US$4.5 billion was looted from the fund under Umno Prime Minister Datuk Seri Najib Razak, who is now on trial for corruption. Last May, the United States began returning some of the recovered funds. The first instalment was nearly US$200 million. American and Malaysian investigators have said Najib received about US$1 billion of the stolen funds from 1MDB. He has pleaded not guilty and says he was misled by Malaysian financier Jho Low and other 1MDB officials.
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