Malaysia recovers $459mil of 1MDB fraud money: PM's office

The US Department of Justice says more than $6.4 billion was looted from 1MDB in a multi-country fraud.
PHOTO: AFP

KUALA LUMPUR - Malaysia has recovered RM1.4 billion (S$459 million) of funds allegedly stolen from state fund 1Malaysia Development Berhad, and identified another RM6.9 billion for recovery, the prime minister's office said on Tuesday (March 17).

The US Department of Justice, which says more than $6.4 billion was looted from 1MDB in a multi-country fraud, returned nearly $284 million to Malaysia in May.

A second transfer of about $340 million was delayed last month.