Guan Eng: Asset recovery on 1MDB much slower than expected


Finance Minister Lim Guan Eng

HONG KONG (Reuters): Asset recovery in the 1Malaysia Development Berhad (1MDB) multi-billion fraud investigation is going much slower than expected, says Finance Minister Lim Guan Eng.  

Lim, a former banker and chartered accountant, said at the CLSA Investors’ Forum in Hong Kong on Thursday (Sept 13) that realistically, ”we will be lucky if we get 30 percent back”.  

The Star 6.6 DEAL: 35% OFF Digital Access

Monthly Plan

RM 13.90/month

RM 9.04/month

Billed as RM 9.04 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Nation

Negri Sembilan state assembly to be dissolved Friday
Premium wages of RM4,000 and above now available for Johor youth, says Onn Hafiz
King grants audience to EC chairman, Armed Forces Chief
Five injured near Dang Wangi station after train stops abruptly
Simpang Renggam fatal crash: Teen rearrested over murder investigation
Fire razes double-storey terrace house in Subang Jaya
Perak cops probing viral incident of man putting cat in sack
Negri assembly likely to be dissolved on Friday
Personal Facebook account hacked, Sabah minister lodges report
Johor polls: Endau incumbent Alwiyah leaves Bersatu to rejoin Umno

Others Also Read