KUALA LUMPUR, Nov 11 — Malaysia’s efforts to recover funds and assets linked to 1Malaysia Development Berhad (1MDB) have shown positive progress, with over RM1 billion recently returned to the country, the Dewan Rakyat was told today.
Prime Minister cum Finance Minister Datuk Seri Anwar Ibrahim said the recovery process is ongoing through a special task force handling cases in Switzerland and in London, United Kingdom.
“The recovery process is in the final phase now. There were recent inflows, I cannot specify the exact figure, but it exceeds RM1 billion in addition to previous recoveries,” he said.
Anwar was responding to Tanjong Karang MP Datuk Dr Zulkafperi Hanapi's query on the latest amount of 1MDB funds repatriated to Malaysia, during the Minister’s Question Time.
He added that, beyond 1MDB, the government is intensifying efforts to combat financial crimes, including telecommunications scams, e-financial fraud, fake loans, non-existent and bogus investments, and love scams.
In October, the government and 1MDB announced settlements with three major financial institutions: Goldman Sachs (US$3.9 billion or RM16.48 billion), AmBank Group (RM2.83 billion), and JP Morgan (Switzerland) Ltd (RM1.4 billion).
