1MDB monetised assets to be consolidated before being moved to relevant accounts, says Guan Eng

  • Nation
  • Tuesday, 25 Sep 2018

PUTRAJAYA: Assets monetised from 1Malaysia Development Berhad (1MDB) will go into a consolidated fund before being transferred to the relevant trust accounts, says Finance Minister Lim Guan Eng.

He said that government has identified the assets but will allow the Attorney General's Chambers to handle the case.

"That is only when it is clear if it belongs to 1MDB.

"We need to wait for the disposal of the assets. Finally, it will go to consolidated funds," he told reporters at the Finance Ministry on Tuesday (Sept 25).

Lim was asked to comment on where the proceeds will go once the determined assets of 1MDB have been monetised.

"It is best to the Attorney General to answer it, because he is handling the assets, although we know the details," said Lim.

It was reported that the Malaysian Anti-Corruption Commission (MACC) is trying to bring home all the overseas assets allegedly purchased using funds misappropriated from 1MDB.

MACC deputy chief commissioner (operations) Datuk Seri Azam Baki said these included a Bombardier 700 aircraft worth RM143mil, which is currently in Singapore, three paintings worth more than RM400mil and properties purchased in several countries.

Singapore's Foreign Minister Dr Vivian Balakrishnan said Malaysia could go through the courts in Singapore to establish ownership of any seized assets linked to 1MDB and take steps to recover them.

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