Over RM1 Billion In 1MDB Funds Recently Returned To Malaysia, Says Anwar 

KUALA LUMPUR, Nov 11 (Bernama) -- Malaysia’s efforts to recover funds and assets linked to 1Malaysia Development Berhad (1MDB) have shown positive progress, with over RM1 billion recently returned to the country, the Dewan Rakyat (Parliament) was told today.

Prime Minister Anwar Ibrahim, who is also Finance Minister, said the recovery process is ongoing through a special task force handling cases in Switzerland and London, United Kingdom.

“The recovery process is in the final phase now. There were recent inflows, I can’t specify the exact figure, but it exceeds RM1 billion in addition to previous recoveries,” he said during the Minister’s Question Time.

In October, the government and 1MDB announced settlements with three major financial institutions, namely Goldman Sachs (USD3.9 billion or RM16.48 billion), AmBank Group (RM2.83 billion), and JP Morgan (Switzerland) Ltd (RM1.4 billion).

-- BERNAMA