Malaysia's 1MDB, former subsidiary file suits to recover $23

Malaysia's 1MDB, former subsidiary file suits to recover $23 billion


Malaysia's 1MDB, former subsidiary file suits to recover $23 billion
The 1MDB saga sparked public anger that led to the defeat of Najib's long-ruling coalition in 2018 elections.
Share Via Email
  |  A+A A-
In this May 14, 2015, file photo, construction workers chat in front of a billboard for state investment fund 1 Malaysia Development Berhad (1MDB). (Photo | AP)
By Associated Press
KUALA LUMPUR: Malaysia's finance ministry said Monday that sovereign wealth fund 1MDB and a former subsidiary have filed 22 lawsuits to recover assets worth over $23 billion from various institutions and individuals.
1MDB was set up by former Prime Minister Najib Razak in 2009 but it accumulated billions in debts and sparked investigations in the U.S. and several other countries. U.S. investigators allege that over $4.5 billion was stolen from 1MDB and laundered by Najib's associates.

Related Keywords

Malaysia , Kuala Lumpur , Najib Razak , Zafrul Abdul Aziz , Malaysia Ambank Group , Ambank Group , Goldman Sachs , Deloitte , Prime Minister Najib Razak , Minister Zafrul Abdul Aziz , மலேசியா , குவாலா லம்பூர் , நஜிப் ர்யாஸக் , ஜப்ருள் அப்துல் அஜிஸ் , கோல்ட்மேன் சாக்ஸ் , டெலோய்ட்டே , ப்ரைம் அமைச்சர் நஜிப் ர்யாஸக் , அமைச்சர் ஜப்ருள் அப்துல் அஜிஸ் ,

© 2025 Vimarsana