KUALA LUMPUR, March 17 -- The Malaysian Anti-Corruption Commission (MACC) has recovered RM14,670,676.61 in assets linked to the 1Malaysia Development Berhad (1MDB) scandal and returned them to the Malaysian government.
The recovered amount includes foreign currencies: S$1,388,122.52 (RM4,817,429.55), US$85,868.53 (RM400,000), NZ$344,163.76 (RM973,000) and A$3,181,097.67 (RM9,480,247.06).
"These recovered funds have been deposited into the Asset Recovery Trust Fund under the Ministry of Finance," MACC said in a statement today.
Of the total, RM12,974,730.41 came from the sale of properties and fund transfers from the accounts of Tan Kim Loong, a Malaysian linked to Low Taek Jho. The funds were transferred to the Asset Recovery Trust Fun...
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