Malaysia's anti-graft agency says around 70% of stolen assets, funds linked to 1MDB recovered

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Malaysia's anti-graft agency says around 70% of stolen assets, funds linked to 1MDB recovered
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KUALA LUMPUR: Malaysian Anti-Corruption Commission (MACC) chief Azam Baki said on Tuesday (Mar 7) that about 70% of stolen assets and funds from 1Malaysia Development Berhad (1MDB) have been recovered. Local media reported Mr Azam as saying that the latest to be recovered was US$1.8 billion (RM8.05 b

KUALA LUMPUR: Malaysian Anti-Corruption Commission chief Azam Baki said on Tuesday that about 70% of stolen assets and funds from 1Malaysia Development Berhad have been recovered.

According to Mr Azam, MACC estimated that around 70 per cent of assets and funds linked to 1MDB have been recovered and efforts to recover the remaining assets and funds are still ongoing.Last week, Malaysian finance ministry said thatto settle a legal dispute over the scandal at Malaysian state fund 1MDB.

According to media reports, Malaysia's 1MDB is the subject of corruption and money-laundering investigations in at least six countries.Mr Azam on Tuesday said that MACC, especially its Anti-Money Laundering division, is part of the main task force which is responsible for recovering assets and funds belonging to 1MDB.

He also praised the efforts of civil servants, especially the Attorney General Chambers and the MACC.

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