PUTRAJAYA (Bernama): Malaysia welcomes the move by the Singapore State Courts granting the return of 1 Malaysia Development Berhad (1MDB) monies with a total value of some S$15.3mil (RM45.9mil) to the country, says Finance Minister Lim Guan Eng.
“I hope this is the beginning of more to come. After all, the sum of these monies is only a tip of the iceberg to be returned relating to 1MDB.
“We also want to thank the Attorney General on his efforts which are now bearing fruits,” he said in a statement here Monday (Sept 10).
Earlier, the Singapore State Courts granted disposal orders in respect of monies that had been unlawfully misappropriated from the 1MDB and/or SRC International Sdn Bhd group of companies.
Solicitors for the Malaysian government, Tan Rajah and Cheah, in a statement, said the monies were in various currencies with a total value of S$15.3mil
These monies are being transferred to the special 1MDB recovery bank account in Kuala Lumpur, said the statement. It added efforts to recover other unlawfully misappropriated assets were ongoing. - Bernama