: Malaysia has recovered US$322 million worth of 1Malaysia Development Berhad assets since investigations into the state-owned sovereign wealth fund effectively began after the 14th General Election in May last year, it was stated today.
“The Government of Malaysia is pleased to announce that the United States of America has returned, and will be returning substantial monies to Malaysia, representing the first instalment of funds recovered from asset seizures related to 1Malaysia Development Berhad under the Kleptocracy Asset Recovery Initiative of the US Department of Justice .
“This sum was forfeited from Red Granite Pictures, a US-based film production company linked to former Prime Minister Datuk Seri Najib Tun Razak and his step-son Riza Aziz and arose from a US$60 million-settlement recorded before the Court of California,” his statement read.
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