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The United States Department of Justice (DOJ) announced that it has repatriated an additional US$452 million (RM1.9 billion) in misappropriated 1MDB funds to the people of Malaysia, bringing the total returned to over US$1.2 billion.
According to court documents, the funds from 1MDB, formerly Malaysia’s investment development fund, were laundered through major financial institutions worldwide, including in the United States, Switzerland, Singapore, and Luxembourg, said the DOJ in a statement.
According to court documents, the funds from 1MDB, formerly Malaysia’s investment development fund, were laundered through major financial institutions worldwide, including in the United States, Switzerland, Singapore, and Luxembourg, said the DOJ in a statement.
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