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.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Around 70% of stolen 1MDB asset, funds recovered, says Malaysia anti-graft chiefMACC was among the main agencies tasked with recovering assets and funds belonging to 1MDB. Read more at straitstimes.com.
Read more »
Ex-Goldman banker Ng deserves 15 years in prison, US prosecutors sayNEW YORK — US prosecutors on Friday (March 3) urged a judge to sentence former Goldman Sachs banker Roger Ng to 15 years in prison after he was convicted of helping loot billions of dollars from Malaysia's 1MDB sovereign wealth fund. A jury in Brooklyn federal court had last April found Ng, Goldman's former head of investment banking in Malaysia,...
Read more »
S’poreans urged to ‘buy local’ as vegetable farms in Malaysia hit by floodsConsumers can play their part to support local farmers to help guard against supply-driven price shocks, Ms Grace Fu said. Read more at straitstimes.com.
Read more »
Policeman nabbed for allegedly shooting wife dead in MalaysiaKANGAR - A policeman was arrested after he allegedly shot his wife to death at their house in Simpang Empat, a town in Perlis, Malaysia. Kangar district police Yusharifuddin Mohd Yusop said they received a report on Sunday about the incident from a man believed to be the...
Read more »
Eliminating single-use plastics by 2030 seen as an uphill battle for MalaysiaPublic apathy and lax enforcement are the biggest impediments to phasing out the use of the item. Read more at straitstimes.com.
Read more »
Policeman nabbed for allegedly shooting wife dead in MalaysiaThe suspect, believed to be a narcotics officer, shot his wife in her left eye. Read more at straitstimes.com.
Read more »