‘70% of assets recovered’

Working together: Azam (centre) shaking hands with MIA chief executive officer Dr Wan Ahmad Rudirman Wan Razak as UiTM’s deputy vice-chancellor (Industry, Community and Alumni Network) Prof Dr Mohamad Hariri Abdullah looks on after the MOU signing ceremony in Putrajaya. — IZZRAFIQ ALIAS/The Star

PUTRAJAYA: Some 70% of stolen assets and funds from 1Malaysia Development Bhd (1MDB) have been recovered so far, the anti-graft body said.

Malaysian Anti-Corruption Commission (MACC) chief commissioner Tan Sri Azam Baki said the latest to be recovered was US$1.8bil (RM8bil) following a settlement with International Petroleum Investment Company (IPIC) and Aabar Investments PJS (Aabar PJS).