SINGAPORE (Reuters): US authorities will this month return US$200mil (RM828mil) stolen from Malaysia’s state fund 1MDB, including money from a stake in a luxury New York hotel and from a Hollywood movie producer, two sources with direct knowledge of the matter said.
The US Department of Justice, in the biggest ever case in its anti-kleptocracy programme, is pursuing billions of dollars it says were misappropriated from 1MDB, a state fund founded by former Malaysian prime minister Datuk Seri Najib Razak.
“I think they know it is our money, so they will give back our money,” Dr Mahathir told a news conference after confirming the US$200mil figure. Jho Low, the alleged mastermind behind the looting of 1MDB, is wanted by Malaysian authorities on criminal charges. Low, whose whereabouts are not known, has denied wrongdoing.
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