EXPLAINER-How Malaysia is seeking to recover billions of dollars missing from 1MDB

The latest lawsuits were aimed at recovering assets worth in excess of $23 billion

KUALA LUMPUR: Malaysia on Monday announced 22 civil suits against entities and people accused of being involved with the massive 1MDB corruption scandal, including units of global banks Deutsche Bank and JPMorgan.

The lawsuits are part of a years-long effort by Malaysia to recover billions of dollars missing from 1Malaysia Development Berhad (1MDB) in a scandal that has implicated high-level officials, banks and financial institutions around the world.