MACC said the recovered funds involved Frank White Jr., a businessman and partner in the investment firm DuSable Capital Management LLC (DuSable).
: The Malaysian Anti-Corruption Commission announced that its close collaboration with the Federal Bureau of Investigation and the United States Department of Justice led to the successful recovery of USD20 million linked to 1MDB funds tied to a solar energy project in Malaysia.
“White Jr. voluntarily agreed to surrender the funds to the DOJ upon discovering that the money received by DuSable originated from misappropriated 1MDB funds, despite being unaware of the source at the time of receipt,” the statement read. The statement emphasised that the MACC and the Malaysian government remain committed to the ongoing recovery of assets linked to 1MDB.
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