US Dept of Justice remits RM1.9b of seized 1MDB funds to Malaysia

The US Department of Justice has remitted about RM1.9bil (US$452.4mil) of seized 1MDB funds to the Malaysian government, according to a statement by the Finance Ministry.

US DOJ remits RM1.9bil in seized monies to Malaysia

PETALING JAYA: The US Department of Justice (DOJ) has remitted RM1.9bil in seized 1Malaysia Development Berhad (1MDB) funds to the government, says the Finance Ministry.

EXPLAINER-How Malaysia is seeking to recover billions of dollars missing from 1MDB

KUALA LUMPUR: Malaysia on Monday announced 22 civil suits against entities and people accused of being involved with the massive 1MDB corruption scandal, including units of global banks Deutsche Bank and JPMorgan.

Government’s recovery efforts in full swing

KUALA LUMPUR: The Ministry of Finance (MoF) confirmed yesterday legal representatives of 1Malaysia Development Bhd (1MDB) and SRC International Sdn Bhd had filed a total of 22 civil suits to recover RM96.6bil (US$23bil).

MoF confirms 1MDB, SRC filed 22 suits to recover RM96.6b

Zafrul: The government will not rest until all those involved are made fully accountable for the wrongdoings caused to the country through their involvement in 1MDB and/or SRC.

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Facebook's Workplace tool reaches 7 million paid subscribers

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China’s Big Four state-owned banks’ first-quarter earnings growth comes in line with analysts’ expectations

China Construction Bank led the profit growth, reporting a net income of 83.1 billion yuan (US$12.85 billion), up 2.8 per cent year on yearICBC was the only major bank that did not see a drop in its bad-loan ratio, which was unchanged at 1.58 per cent at the end of March