US Returns $156 Million of 1MDB Funds to Malaysia
Latest recovery brings total repatriated amount to $1.4 billion, bolstering efforts to address massive corruption scandal.
- The US Justice Department has returned $156 million to Malaysia from assets seized in the 1MDB corruption case.
- This marks the fourth tranche of funds repatriated to Malaysia, totaling approximately $1.4 billion.
- 1MDB, a state fund established in 2009, saw over $4.5 billion misappropriated by high-level officials and associates.
- Former Malaysian Prime Minister Najib Razak and financier Jho Low were key figures implicated in the scandal.
- The recovered funds are intended to benefit the Malaysian public and improve their lives.