KUALA LUMPUR - The United States government has returned the first tranche of money recouped from 1MDB to Malaysia.
The US prosecution accused Mr Riza of using more than US$100 million embezzled from 1MDB to fund the company's films, including Wolf Of Wall Street, as well as throw lavish parties and buy gifts for celebrities. The balance of money from the US$139 million obtained through the sale of Low's stake - after the deduction of costs incurred by the DOJ and Federal Bureau of Investigation in investigating, seizing, litigating and securing settlement for the asset - will be banked in Malaysia.
In a statement, attorney-general Tommy Thomas said Malaysia has so far"recovered USD322 million worth of 1MDB assets since investigation into 1MDB effectively began after the 14th general election in May 2018".
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