US DOJ returns additional US$452m of 1MDB funds to Malaysia

Published: Aug 6, 2021 2:23 AM | Updated: Aug 6, 2021 3:17 AM

The United States Department of Justice (DOJ) announced that it has repatriated an additional US$452 million 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...

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