Malaysia out to retrieve US$7bil in misappropriated funds from 1MDB, says Dr M

Published on 3 May 2019 9:15:20 PM

In a press conference on Friday, Prime Minister Tun Dr Mahathir Mohamad said that government hopes to receive a total of US$7 billion of 1Malaysia Development Berhad’s money from various sources around the globe.

Malaysia aims to retrieve US$7bil (RM29bil) in misappropriated funds from 1Malaysia Development Berhad (1MDB) from various countries, says Prime Minister Tun Dr Mahathir Mohamad.

The premier was commenting on a Bloomberg report today that he had reached out to countries from Switzerland to Singapore for help in tracking and recouping the US$4.5bil (RM18.6bil) believed to have been siphoned from 1MDB, after chairing a Pakatan Harapan presidential council meeting, in which the Malaysian Anti-Corruption Commission (MACC) briefed the council members on Friday.

Read more at https://www.thestar.com.my/news/nation/2019/05/03/malaysia-out-to-retrieve-us$7bil-in-misappropriated-funds-from-1mdb/

Keywords
1malaysia development berhad, 1mdb, macc, mahathir, mahathir mohamad, news, singapore, switzerland, usa

Keywords:
1malaysia development berhad, 1mdb, macc, mahathir, mahathir mohamad, news, singapore, switzerland, usa