Lim said the amount recovered includes a portion of the US$4.5 billion, which was revealed by the US DoJ to have been wrongly diverted from 1MDB. ― Picture by Sayuti Zainudin
The Finance Ministry said the debt amount includes the interest borne and loans taken from the ministry of RM8.6 billion, which were used to repay 1MDB’s debts to date. “The Ministry of Finance warmly welcomes the Attorney General’s Chambers’ announcement that US$322 million from 1MDB assets is to be returned to Malaysia following the United States Department of Justice’s Kleptocracy Asset Recovery Initiative,” said its minister Lim Guan Eng in a statement today.
The assets of the repatriated funds include the Park Lane Hotel in Manhattan, US film production company Red Granite and the luxury yachtLim said the DoJ’s decision came after a Singaporean court had instructed S$50 million of 1MDB-related funds to be returned to be Malaysia, of which RM45 million has been returned.
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Source: fmtoday - 🏆 5. / 72 Read more »