US returns another US$300mil of recovered 1MDB funds to Malaysia

"The payment reflects the United States’ continuing commitment to the Malaysian people to hunt down, seize, forfeit, and return assets that were acquired in connection with this brazen scheme," Assistant Attorney General Brian A. Benczkowski of the agency's Criminal Division said.

WASHINGTON: The U.S. Department of Justice on Tuesday said it has repatriated another $300 million to Malaysia in recovered money misappropriated from 1MalaysiaDevelopment Berhad, or 1MDB..

The government of former Malaysian Prime Minister Datuk Seri Najib Razak set up the 1MDB fund in 2009. The DOJ estimated $4.5 billion was siphoned out of Malaysia by high-level fund officials and their associates between 2009 and 2014 in a scandal that has also embroiled Goldman Sachs Group Inc