Malaysia pursuing civil action to recover nearly RM4b from former 1MDB unit


Malaysian Anti-Corruption Commission officials handle trolleys of document relating to the trail at the Kuala Lumpur Courts Complex in Kuala Lumpur, Malaysia, on Wednesday, Aug. 28, 2019. Malaysian prosecutors will seek to prove that former Prime Minister Datuk Seri Najib Razak acted together with fugitive financier Jho Low in their alleged roles in 1MDB, as the former premier faces his biggest trial linked to the troubled state fund. Photographer: Samsul Said/Bloomberg

KUALA LUMPUR: Malaysia is pursuing civil action to recover about RM4bil (US$954.65mil) of funds disbursed by a former subsidiary of 1MDB, a now-defunct state fund under investigation for money laundering, the finance minister said on Wednesday.

"Considering a large portion of the funds had been used across the world, the government is taking the necessary steps to repatriate as much of the RM4bil," Finance Minister Lim Guan Eng said in a statement.

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1MDB , Lim Guan Eng , money laundering

   

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