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MOF recovers another RM1.9b stolen 1MDB funds, total now at RM16.05b Published Modified7:40 am - The Finance Ministry today announced that it has recovered another RM1.9 billion in stolen 1MDB funds. It said the funds were recovered with the help of the US Department of Justice (DOJ) which remitted the money to Malaysia's Asset Recovery Trust Account. “This recovery would not have been achieved without the excellent cooperation between the government of Malaysia and the United States government, particularly with the DOJ. "On behalf of the government of Malaysia, we would like to thank the US government and look forward to the continued cooperation...
MoF confirms 1MDB, SRC filed 22 suits to recover RM97bil KUALA LUMPUR: The Ministry of Finance (MoF) confirmed yesterday legal representatives of 1Malaysia Development Bhd (1MDB) and SRC International Sdn Bhd had filed a total of 22 civil suits to recover RM96.6bil (US$23bil). In a statement, the MoF said the suits were filed last Friday in the government’s continuing efforts to recover the losses suffered by 1MDB and SRC. “Six of these writs were filed by 1MDB, while 16 were by SRC for the recovery of assets with a combined total in excess of RM96.60bil (US$23bil), including approximately RM300mil against various local parties, ” it said.
1MDB still has RM32.3bil in outstanding debt, says board thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.