Malaysia
MACC: Singapore has returned US$16.3m in 1MDB funds
MACC logo u00e2u20acu201d Bernama pic

KUALA LUMPUR, Nov 19 — Singapore has recently returned to Malaysia about US$16.3 million (RM68.1 million) linked to a multibillion-dollar scandal at state fund 1MDB, Malaysia's anti-graft agency said on Friday.

US authorities say about US$4.5 billion was siphoned from 1Malaysia Development Berhad (1MDB) between 2009 and 2014, in a globe-spanning theft that has implicated high-ranking officials and financial institutions in multiple countries.

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Malaysia has said billions more remain unaccounted for.

Malaysia has recovered about RM20.5 billion in 1MDB assets so far, the Malaysian Anti Corruption Commission said in a statement.

Efforts to recover more are ongoing, in countries including Switzerland, Kuwait, Mauritius, Cyprus, and Hong Kong, it added. — Reuters  

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