Malaysia Recovers $5 Million in 1MDB Assets Following Trials and Convictions

The recovery includes properties and assets linked to the scandal, as Malaysia continues its efforts to reclaim billions lost.

Malaysia has recouped $5 million worth of assets related to the 1MDB scandal, including properties, following the trial of ex-Goldman Sachs banker Roger Ng.
The Malaysian Anti-Corruption Commission announced the recovery from former officials and associates of fugitive financier Jho Low.
Since 2019, Malaysia has managed to recover a total of 29 billion ringgit ($6.7 billion) of assets that disappeared from 1MDB.
Former Prime Minister Najib Razak's sentence related to the scandal was halved last week by a Malaysian pardons board.
Malaysia is considering legal action against foreign banks that facilitated transactions linked to 1MDB, emphasizing the need for stringent financial checks.