The U.S. government has begun returning to Malaysia some $200 million recovered ...
KUALA LUMPUR - The U.S. government has begun returning to Malaysia some $200 million recovered from asset seizures linked to state fund 1MDB, with about a quarter of the amount already repatriated, the two countries said on Tuesday.
Since losing a general election last year, Najib has been charged with more than 40 criminal offences linked to losses at 1MDB and other state entities. He has pleaded not guilty. “We are extremely pleased that this first tranche of assets from this Justice Department investigation is being transferred back to Malaysia, demonstrating the U.S. commitment to return these assets for the benefit of the people of Malaysia,” she said.
A deduction of $3 million from the settlement was made to reimburse costs incurred by U.S. authorities in “investigating, seizing, litigating and securing settlement of the Red Granite funds,” Thomas said.
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