The US government has returned funds of more than US$57mil (RM236.5mil) to Malaysia, the first instalment of funds recovered from asset seizures related to 1Malaysia Development Berhad (1MDB), says the Attorney General's Chambers (AGC).
Attorney General Tommy Thomas said this was done under the Kleptocracy Asset Recovery Initiative of the US Department of Justice (DOJ) with the sum transferred into the 1MDB asset recovery account, a segregated trust account, opened specifically for this purpose.
Thomas said 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.
Read more at https://www.thestar.com.my/news/nation/2019/05/07/rm236dot5mil-returned-so-far-to-malaysia-in-1mdb-recovery-says-thomas/
Attorney General Tommy Thomas said this was done under the Kleptocracy Asset Recovery Initiative of the US Department of Justice (DOJ) with the sum transferred into the 1MDB asset recovery account, a segregated trust account, opened specifically for this purpose.
Thomas said 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.
Read more at https://www.thestar.com.my/news/nation/2019/05/07/rm236dot5mil-returned-so-far-to-malaysia-in-1mdb-recovery-says-thomas/
Category
🗞
News