KUALA LUMPUR: The Malaysian Anti-Corruption Commission (MACC) has yet to identify an estimated RM18.904bil worth of unidentified 1Malaysia Development Bhd (1MDB) assets.
Its chief commissioner Latheefa Koya said the unidentified assets were currently being pursued in at least five countries.
"We are working with the National Financial Crime Centre (NFCC) that has just been formalised recently to locate, investigate and research where these properties are because it is not just a one-off transaction, it is multiple transactions," she said at the sidelines of the 11th International Conference on Financial Crime and Terrorism Financing 2019 (IFCTF 2019) on Tuesday (Nov 5).
MACC noted that apart from the unidentified assets, so far RM3.93bil and RM8.842bil worth of 1MDB assets have bee identified by the 1MDB task force and the US Department of Justice (DoJ), respectively.
Latheefa said the MACC was working closely with the countries involved.
"We will not be able to share (more information about the assets) publicly because we are in the middle of investigations, and we certainly do not want them to cover their tracks," she said.
On Oct 31, it was reported that the DOJ had struck a deal with fugitive businessman Low Taek Jho to recoup almost US$1bil (RM4.18bil) of money looted from 1MDB.
Among the other 1MDB assets that have been recovered by the government was the superyacht Equanimity that was sold to Genting Malaysia Bhd for US$126mil (RM514.14mil) back in April.
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