KUALA LUMPUR – The Malaysian Anti-Corruption Commission (MACC) has contributed to the recovery of US$20 million (RM94 million) in misappropriated funds linked to the...
Money misappropriated between 2009 and 2014 was put through layers of sham companies and fake transactions to seem as if 1MDB’s investments had generated returns
The agreement signed between the Malaysian government and Goldman Sachs Group Inc regarding the recovery of 1Malaysia Development Bhd assets in 2020 was vague and not detailed, said 1MDB Asset Recovery Taskforce chairman Datuk Seri Johari Abdul Ghani.
Two of ex-prime minister Datuk Seri Najib Razak's former officers are among those who returned monies and assets linked to 1Malaysia Development Bhd (1MDB) from 2023 until February 5 of this year.
