Finance minister looking to retrieve 1MDB funds from US DoJ | Malay Mail

  • 📰 malaymail
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 86%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

Finance minister looking to retrieve 1MDB funds from US DoJ

Tengku Zafrul said the related government agencies and the Attorney General’s Chamber are working on the issue. — Picture by Shafwan Zaidon

KUALA LUMPUR, March 27 — The government is pursuing the recovered money allegedly stolen from the 1Malaysia Development Bhd sovereign fund, Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz said today.“The govt agencies, the Attorney General’s Chamber are looking into this. It should be on track to get the money. We are pursuing it,” he told Bernama when asked on a possible delay in the repatriation of the money.

It was reported that the US Department of Justice has delayed the return to Malaysia of another US$240 million of the 1MDB money, citing political uncertainties when Tun Dr Mahathir Mohamad quit as Malaysia’s seventh prime minister on Feb 24.The DoJ returned nearly US$200 million to Malaysia in May 2019. — Bernama

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Does america recognize illegal goverments?

PN might need to win next GE to gain that confidence level from international society before proceed to request to get funds back, FYI UMNO that protect MO1 fully still with government.

Hahahaha I love how duplicitous it is. So someone stole the money, the US DoJ seized it and now they want it returned to the thief?

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

SC announces margin financing flexibilities for capital market participants | Malay MailKUALA LUMPUR, March 26 — The Securities Commission Malaysia (SC) has approved additional measures by Bursa Malaysia Bhd to assist market participants in the current volatile and challenging market environment. In a statement today, the SC said effective tomorrow, brokers may, at their discretion,... Allowing substandard rulings may create bad assets or 3-rated quality for brokers; may also create a fragile financial market; a deceived temporary stability. Wonder whether delaying the implosion is a wise move. BursaMalaysiaKL
Source: malaymail - 🏆 1. / 86 Read more »