MACC recoups 1MDB assets

PETALING JAYA: The Malaysian Anti-Corruption Commission (MACC) said it recovered more than RM23mil of 1MDB assets from operations last year and most recently on Monday.

The cash and assets were recovered through forfeitures, including in the courts, as well as voluntary returns by five individuals to the government.

“The success was from follow-up (operations) carried out by our Anti-Money Laundering Division,” the MACC said in a statement yesterday.

Among the recovered cash, it said, was RM556,000 returned on Aug 30 by a 1MDB officer who had received funds in the account of a company in which that individual held an interest.

“This money was obtained through an Account Release Order under Section 60 of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds from Unlawful Activities Act 2001,” it added.

On Sept 29, a further RM4.55mil was recovered from another individual through a transfer from BSI Bank Switzerland.

MACC said the recovery was made possible through the February 2022 trial of former Goldman Sachs banker Roger Ng in the Brooklyn Federal Court in the United States on charges of complicity in the embezzlement of the 1MDB funds.

“On the whole, since 2019 to date, a total of RM29.03bil of 1MDB assets has been returned through the cooperation of MACC and the Special Task Force on 1MDB Asset Recovery as well as foreign agencies.”

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Nation

Party leadership's Beijing trip discussed at Seremban MCA AGM
Diesel subsidy rationalisation may not be possible for Sabah, Sarawak due to wide usage, says Anwar
Govt to reimburse RM100mil to Sarawak to upgrade schools, clinics, says PM Anwar
Sg Bakap polls: BN to rally support for Pakatan candidate, says Tok Mat
Sg Bakap polls: 'It's not just academic', Fahmi plays up PH candidate's PhD
PM pays courtesy visit to Sarawak Governor in Kuching
Search for four missing fishermen to expand to coastal areas of Tanjung Segenting
Resolve basic infrastructure needs in Sabah, Shafie urges state government
Former Star photographer battling Parkinson's touched to receive Tabung Kasih@Hawana aid
Leave Sabah seats to local parties, says Kitingan

Others Also Read