MACC working on recovering 1MDB assets in Kuwait, HK, Europe

Free Malaysia Today

Graft busters say the recent recovery of US$20 million in 1MDB funds was related to a solar energy project in Malaysia.  Read More: https://www.freemalaysiatoday.com/category/nation/2025/01/23/macc-working-on-recovering-1mdb-assets-in-kuwait-hk-europe/  Laporan Lanjut: https://www.freemalaysiatoday.com/category/bahasa/tempatan/2025/01/23/sprm-giat-dapatkan-semula-aset-1mdb-di-kuwait-hong-kong-dan-uk/  Free Malaysia Today is an independent, bi-lingual news portal with a focus on Malaysian current affairs.    Subscribe to our channel - http://bit.ly/2Qo08ry   ------------------------------------------------------------------------------------------------------------------------------------------------------ Check us out at https://www.freemalaysiatoday.com Follow FMT on Facebook: https://bit.ly/49JJoo5 Follow FMT on Dailymotion: https://bit.ly/2WGITHM Follow FMT on X: https://bit.ly/48zARSW  Follow FMT on Instagram: https://bit.ly/48Cq76h Follow FMT on TikTok : https://bit.ly/3uKuQFp Follow FMT Berita on TikTok: https://bit.ly/48vpnQG  Follow FMT Telegram - https://bit.ly/42VyzMX Follow FMT LinkedIn - https://bit.ly/42YytEb Follow FMT Lifestyle on Instagram: https://bit.ly/42WrsUj Follow FMT on WhatsApp: https://bit.ly/49GMbxW  ------------------------------------------------------------------------------------------------------------------------------------------------------ Download FMT News App: Google Play – http://bit.ly/2YSuV46 App Store – https://apple.co/2HNH7gZ Huawei AppGallery - https://bit.ly/2D2OpNP  #FMTNews #NajibRazak #DoJ #1MDB

Transcript

00:00The Malaysian Anti-Corruption Commission is working on recovering misappropriated 1MDB

00:07assets in Kuwait, Hong Kong, the UK and several more European countries.

00:13MACC said it is working with its international partners to actively pursue the recovery of

00:18these assets, and that efforts will be further intensified for the benefit of Malaysia and

00:24the people.

00:25The Anti-Graf Agency said the US$20 million in 1MDB funds recently recovered, in collaboration

00:32with the US Department of Justice, was related to a solar energy project in Malaysia.

00:38MACC said businessman Frank White Jr. from investment firm Disabled Capital Management

00:43LLC was unaware of the source of the funds and had voluntarily agreed to surrender the

00:49monies to the DOJ.

00:51Prior to this, the MACC recovered and returned RM29.73 billion in 1MDB assets and funds to

00:59the Treasury.

01:001MDB was a sovereign fund set up in 2009 with the help of financier Low-Take Joe or Joe

01:06Low and co-founded by former Prime Minister Najib Razak to promote economic development.

01:12The DOJ had discovered that some US$4.5 billion of the funds were diverted to offshore bank

01:19accounts and shell companies, of which many were linked to Low.

01:23Pan Yujo, FMT News.

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