US reaches settlement to recover over RM212mil involving 1MDB


KUALA LUMPUR (Reuters): The United States has reached a settlement to recover more than US$49mil (RM212mil) involving 1Malaysia Development Bhd (1MDB), the Justice Department has said.

The government of former prime minister Datuk Seri Najib Razak set up the 1MDB fund in 2009.

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