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US DOJ says pursuing investigations related to Malaysia's 1MDB


The U.S. filed forfeiture complaints in 2016 and 2017 seeking to recover over $1.7 billion in assets traceable to funds allegedly misappropriated from 1MDB.

The U.S. filed forfeiture complaints in 2016 and 2017 seeking to recover over $1.7 billion in assets traceable to funds allegedly misappropriated from 1MDB.

KUALA LUMPUR: The U.S Department of Justice said on Tuesday it would continue to pursue investigations into 1 Malaysia Development Berhad (1MDB) and looked forward to working with Malaysian law enforcement authorities, which have reopened a probe into the fund following a change of government this month.

"The Department of Justice is committed to ensuring that the United States and its financial system are not threatened by corrupt individuals and kleptocrats who seek to hide their ill-gotten wealth," a DoJ spokesperson said in an email statement to Reuters.

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