The U.S announced that it has returned $300 million to Malaysia. The fund from 1Malaysia Development Berhad (1MDB) has been laundered through various financial entities in the United States, Singapore and Luxembourg. In total, the United States has helped the Malaysian government recover $600 million misappropriated from the 1MDB.
In 2019, the U.S. assisted in recovering about $700 million worth of assets owned by Low Taek Jho and his family in the United States in relation to the 1MDB scheme. This repatriation of the fund to Malaysia was achieved through the dedicated efforts put forward by prosecutors and federal agents in the U.S.
It is the duty of the FBI’s International Corruption Squads to protect the States for criminals who are looking for ways to take advantage of the U.S economy using illegal funds.
The FBI has made the recovery possible and we believe that the money will now be used in the best interest of the Malaysians.
Between 2009 and 2015, civil forfeiture complaint reported that over $4.5 billion funds intended for 1MDB has been misappropriated by high-profiled officials and criminal agencies. Several government agencies in the U.S, with the support of Authorities Malaysia, are currently investigating the Low case of misappropriation of 1MDB funds.
