Malaysia getting back RM1.3 billion from 1MDB stolen money

Tommy Thomas Photo Credit Kosmo
Tommy Thomas – Photo Credit Kosmo

Attorney-General Tommy Thomas today confirmed that Malaysia is getting back around RM1.3 billion from 1MDB the funds allegedly misappropriated from 1MDB.

“Malaysia has recovered US$322 million (some RM1.3 billion) worth of 1MDB assets since the investigation into 1MDB effectively began after the 14th general election in May 2018.

“A separate sum of S$50 million of funds traceable to 1MDB has been ordered by the Singapore Courts to be repatriated.

“S$15 million was credited into the 1MDB asset recovery account between September last year and March this year. The balance of S$35 million will be credited shortly,” Thomas said in a statement on Tuesday (May 7).

Apart from Malaysia’s sale of the superyacht Equanimity with US$126 million (RM522.6 million), Thomas said US had turned back US$57mil (RM236.5mil) to Malaysia – this sum was forfeited from Red Granite Pictures, a US-based film production company linked to former prime minister Datuk Seri Najib Razak and his stepson, Riza Aziz.

Besides that, he said that the US DOJ is also remitting a further sum of US$139mil (RM576.5mil) to Malaysia from the sale of Jho Low’s Park Lane Hotel in Manhattan.

Singapore has also repatriated $50 million (RM152.3 million) allegedly stolen from 1MDB to Malaysia, the statement said.

Graduate with a Master of Mass Communication. 10 years working experience in the media and broadcasting.

more recommended stories