Singapore orders return of first batch of pilfered 1MDB money

  • 1MDB
  • Monday, 10 Sep 2018

SINGAPORE: Singapore ordered millions of dollars misappropriated from the beleaguered 1MDB to be returned to Malaysia, the first time the city-state has repatriated assets to its neighbor following a globe-spanning probe.

The funds in various currencies total about S$15.3 million ($11.1 million) and are being transferred to a special 1MDB recovery bank account in Kuala Lumpur, according to an emailed statement Monday from Tan Rajah & Cheah, a Singapore law firm.