Malaysia says Singapore has returned $22 million in 1MDB funds
Malaysia has recovered about RM20.5 billion (S$6.65 billion) in 1MDB assets so far.
PHOTO: Reuters
PUBLISHED ONNovember 19, 2021 5:35 AM
KUALA LUMPUR - Singapore has recently returned to Malaysia about US$16.3 million (S$22 million) linked to a multibillion-dollar scandal at state fund 1MDB, Malaysia's anti-graft agency said on Friday (Nov 19).
US authorities say about US$4.5 billion was siphoned from 1Malaysia Development Berhad (1MDB) between 2009 and 2014, in a globe-spanning theft that has implicated high-ranking officials and financial institutions in multiple countries.
The Malaysian government has said billions more remain unaccounted for.
Malaysia has recovered about RM20.5 billion (S$6.65 billion) in 1MDB assets so far, the Malaysian Anti Corruption Commission said in a statement.
Efforts to recover more are ongoing, in countries including Switzerland, Kuwait, Mauritius, Cyprus, and Hong Kong, it added.
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