Malaysia aims to locate nearly $6b more in 1MDB-linked assets

KUALA LUMPUR - Malaysia is looking to locate at least 18 billion ringgit (S$5.9 billion) worth of further assets linked to a scandal at state fund 1MDB, and is working with at least five nations to recover the amount, its anti-corruption chief said on Tuesday (Nov 5).

The United States authorities say about US$4.5 billion (S$6.1 billion) was siphoned from sovereign wealth fund 1Malaysia Development Berhad (1MDB) in a scandal spanning several countries.

"This what we're working on... to locate, investigate and research where these properties are," Ms Latheefa Koya, the head of Malaysia's Anti-Corruption Commission, told reporters.

"As you know it's not just a one-off transaction, it's multiple transactions, so we need to work together with the countries to help us."