KUALA LUMPUR: Malaysia today announced that US$300 million from 1Malaysia Development Berhad (1MDB) has been returned to the government by the United ...
The US Justice Department announced April 14, 2020 it had sent US$300 million in funds stolen in the 1MDB corruption scandal to the Malaysia government that had been laundered through the global financial system. — AFPMalaysia today announced that US$300 million from 1Malaysia Development Berhad has been returned to the government by the United States of America.
“On 30 October 2019, Malaysian fugitive Jho Low had reached a settlement with the DOJ pertaining to numerous forfeiture claims filed by the DOJ against assets he had purchased using 1MDB monies. Muhyiddin said that with the most recent tranche of US$300 million, a total of US$620 million of 1MDB monies – in the form of sales proceeds or assets – have been returned to Malaysia.
“I would like to express my gratitude to the US Government, particularly the US Embassy in Kuala Lumpur, on their excellent assistance and cooperation in facilitating the return of the US$300 million.
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