KUALA LUMPUR, May 8 — The US$322 million received through the repatriation of 1MDB assets will be used to service the sovereign wealth fund’s total debts of RM51 billion.
“The funds will also be used to pay legal and litigation costs arising from efforts to repatriate and dispose of 1MDB assets around the world. Lim said the amount recovered includes a portion of the US$4.5 billion , which was revealed by the DoJ to have been wrongly diverted from 1MDB. Lim said the DoJ’s decision came after a Singaporean court had instructed S$50 million of 1MDB-related funds to be returned to be Malaysia, of which RM45 million has been returned.
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: