RM28bil of 1MDB’s funds to be recovered


KUALA LUMPUR: Malaysia aims to retrieve the RM28bil (US$7bil) in misappropriated funds from 1Malaysia Development Berhad (1MDB) from various countries, says Prime Minister Tun Dr Mahathir Mohamad.

“I heard about this, and I think they know it is our money, so they will give back our money.

“Singapore will also give back our money. We are hoping to get back US$7bil,” he said after chairing the Pakatan Harapan presidential council meeting yesterday, where the Malaysian Anti Corruption Commission briefed council members.

Dr Mahathir was commenting on a report that he had reached out to countries from Switzerland to Singapore for help in tracking and recouping the RM18bil (US$4.5bil) believed to have been siphoned from 1MDB.

The report also stated that US authorities were preparing to return about RM800mil (US$200mil) of money allegedly misappropriated from 1MDB to Malaysia.On the briefing, he said they were exclusively briefed by the MACC on political party funding.

“Parties need funding to carry out their duties but we cannot get any funding from just anyone, and we need a source of funds.“We were briefed by the MACC so that we can think of ways where we can source for funds which are allowed.

“We have yet to agree to what we have been briefed about,” he said.

1MDB