US Returns Over USD1.37 Billion in 1MDB Assets to Malaysia

Kuala lumpur: More than USD1.37 billion in assets linked to the misappropriation of 1Malaysia Development Berhad (1MDB) funds have been returned by the United States to Malaysia, announced Datuk Seri Azalina Othman Said, the Minister in the Prime Minister's Department (Law and Institutional Reform). This figure is based on information provided by the Malaysian Anti-Corruption Commission (MACC).

According to BERNAMA News Agency, in addition to the assets returned, a substantial amount of funds and assets linked to 1MDB remain detained, frozen, or subject to forfeiture proceedings in the United States and several other foreign jurisdictions. Azalina disclosed this information in a written parliamentary reply, responding to Lim Lip Eng (PH-Kepong), who inquired about the amount of money and assets recovered from the United States and those still held by the US and other countries.

On the precise value of the funds and assets that remain detained, frozen, or subject to forfeiture proceedings, Azalina stated that an exact figure could not be determined at this time. She explained that this uncertainty is due to the ongoing nature of legal proceedings and the fluctuations in the market value of the assets over time.