Kuala lumpur: 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 Datuk Seri Anwar Ibrahim, who is also Finance Minister, said the recovery process is ongoing through a special task force handling cases in Switzerland and London, United Kingdom.

According to BERNAMA News Agency, the Prime Minister stated that the recovery process is in the final phase now, with recent inflows exceeding RM1 billion, in addition to previous recoveries. He mentioned this in response to Datuk Dr Zulkafperi Hanapi (Tanjong Karang) during the Minister's Question Time, when asked about the latest amount of 1MDB funds repatriated to Malaysia.

Anwar added that beyond 1MDB, the government is intensifying efforts to combat financial crimes, including telecommunication scams, e-financial fraud, fake loans, non-existent and bogus investments, as well as love scams. In October, the government and 1MDB announced settlements with three major financial institutions, namely Goldman Sachs (USD3.9 billion or RM16.48 billion), AmBank Group (RM2.83 billion), and JP Morgan (Switzerland) Ltd (RM1.4 billion).