SINGAPORE: The US authorities are preparing to return about US$200mil (RM826mil) of funds allegedly misappropriated from troubled state fund 1MDB to Malaysia, according to sources.
The amount includes about US$140mil (RM578mil) from the sale of a stake in New York’s Park Lane Hotel and some US$60mil (RM248mil) from a settlement paid by the producer of the Wolf of Wall Street movie, said sources privy to inside information.
Already a subscriber? Log in.
Subscribe to win RM50 Touch 'n Go e-Voucher! More Info
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!