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Reading: Malaysia’s anti-graft agency says about 70% of stolen assets, funds linked to 1MDB recovered
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JARAA'ID > Asia > Malaysia’s anti-graft agency says about 70% of stolen assets, funds linked to 1MDB recovered
Asia

Malaysia’s anti-graft agency says about 70% of stolen assets, funds linked to 1MDB recovered

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Last updated: 2023/03/07 at 4:15 PM
News Room Published March 7, 2023
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Mr Azam on Tuesday said that MACC, especially its Anti-Money Laundering division, is part of the main task force which is responsible for recovering assets and funds belonging to 1MDB.

“We have been instrumental in the recovery efforts including conducting investigations, making arrests and prosecuting those involved in 1MDB (scandal),” he said, according to The Star. 

On Monday, Prime Minister Anwar Ibrahim spoke about the success of the Minister of Finance (Incorporated) and 1MDB in reaching the settlement with the Abu Dhabi companies, saying that it had exceeded his expectations. 

He also praised the efforts of civil servants, especially the Attorney General Chambers and the MACC. 

Mr Anwar noted that the settlement’s final amount was initially set between US$1.5 billion and US$1.7 billion. 

“Congratulations to the Attorney General and his department including all those involved in the negotiations who had relied little on external consultants,” said Mr Anwar as he was quoted as saying by Malay Mail during the monthly assembly with civil servants on Monday. 

Malay Mail reported Mr Anwar as describing the negotiations involving Malaysian officials with the Abu Dhabi companies as a testament to the competency of civil servants in handling the responsibilities entrusted to them.

“The capability and level of expertise among civil servants are there, and that needs to be utilised to restore the image of civil servants as the best in the country and the region,” he added, according to Bernama. 

He also thanked the Malaysian king for using his “cordial relationship” with Abu Dhabi’s president to ease the ongoing negotiations with regard to the settlement.

Read the full article here

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News Room March 7, 2023
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