RM31.3bil of 1MDB funds and assets recovered, says Azam


PUTRAJAYA: Some RM31.3bil, or 74.5% of the RM42bil in funds and assets linked to 1Malaysia Development Berhad, have been recovered as of this year, says Malaysian Anti-Corruption Commission chief commissioner Tan Sri Azam Baki.

He said the recovery figure is among the highest globally for a large-scale financial crime case.

"The recovery exceeded earlier estimates of 70% or RM30bil stated in certain reports.

"International standards for recovery of funds is about 60% to 70%. We have managed to do more than 70%," he told a press conference on Wednesday (May 6).

Azam said the achievement reflected the government's commitment to recovering national assets linked to the 1MDB scandal.

"To date, the total amount of 1MDB funds misappropriated stands at RM42bil.

"The total value of assets successfully recovered as of 2025 is RM31.3bil, representing 74.5% of the total amount misappropriated," he said.

Azam said recoveries included RM1.15bil in 2019, RM14.257bil in 2020, RM5.11bil in 2021, RM400.38mil in 2022, RM8.08bil in 2023, RM715.95mil in 2024 and RM1.56bil this year.

He said recovery efforts involved international cooperation and legal processes with agencies including the Federal Bureau of Investigation and the United States Department of Justice.

Azam said the efforts were carried out through mechanisms such as mutual legal assistance, financial intelligence sharing, bilateral discussions and cross-border asset forfeiture actions involving countries including the United States, Switzerland, the United Kingdom and Singapore.

"Among the major assets recovered were proceeds from the sale of the luxury yacht Equanimity amounting to about RM543mil, as well as the return of a private jet and overseas properties," he said.

Azam said Malaysia also secured global settlements involving international financial institutions such as Goldman Sachs, IPIC and Aabar, as well as audit firms Deloitte and KPMG, contributing billions of ringgit.

Azam said MACC would remain committed to tracing and recovering every asset misappropriated regardless of location or time.

"No one will escape legal action, and every cent belonging to the people will be ensured to be returned," he said.

 

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