PUTRAJAYA, May 6 — The Malaysian Anti-Corruption Commission is seeking to recover seven more high-value artworks bought using siphoned 1MDB funds by the end of the year.
Outgoing MACC chief Tan Sri Azam Baki said the recovered assets would first be kept at MACC headquarters here, pending a decision by the Ministry of Finance on whether they should be retained or auctioned.
“Overall, MACC has identified a total of 12 artworks to be repatriated to Malaysia,” he said.
“Of these, four have been successfully returned, while another eight are currently in various stages of recovery…we hope to get it possibly by the end of the year.”
The eight remaining recoveries include seven artworks and proceeds from the sale of a Claude Monet work valued at an estimated RM114 million.
MORE TO COME
