Malaysia recovers $323 mln of 1MDB fraud money - PM's office

Malaysia recovers $323 mln of 1MDB fraud money - PM's office
  • Country:
  • Malaysia

Malaysia has recovered 1.4 billion ringgit ($323 million) of funds allegedly stolen from state fund 1MDB and identified another 6.9 billion ringgit for recovery, the prime minister's office said on Tuesday. The U.S. Department of Justice (DoJ), which says more than $4.5 billion was looted from 1MDB in a multi-country fraud, returned nearly $200 million to Malaysia in May.

A second transfer of about $240 million was delayed last month. ($1 = 4.3380 ringgit)

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