PETALING JAYA: The government will use the repatriated US$322mil (RM1.3bil) in 1Malaysia Development Bhd assets from the US Department of Justice (DOJ) and S$50mil (RM152mil) from Singapore to repay 1MDB debts of RM51bil, said Finance Minister Lim Guan Eng.
“The Finance Ministry (MOF) warmly welcomes the US Attorney General’s Chambers’ announcement that US$322mil from 1MDB assets is to be returned to Malaysia following DOJ’s Kleptocracy Asset Recovery Initiative.
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