Malaysia's 1MDB, ex-unit seek recovery of US$23 billion in assets

Sixteen suits were filed by SRC against 15 people and eight entities for similar offences, the ministry said, without naming any of the entities or individuals involved."1MDB and SRC contend that these entities and/or individuals have been unjustly enriched by wrongfully receiving monies from 1MDB or SRC," it said.

The lawsuits come after Malaysia recovered nearly US5 billion in assets following deals with U.S. firm Goldman Sachs, Malaysian banking group AmBank, and audit firm Deloitte to settle probes related to 1MDB. At least six countries are investigating alleged graft and money laundering at 1MDB, co-founded in 2009 by former Prime Minister Najib Razak.

Last year, Najib was found guilty of corruption and money laundering over the transfer of millions of dollars linked to SRC International into his AmBank accounts between 2014 and 2015. He denies wrongdoing and is appealing the verdict.

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