NSTnation: The USJusticeDepartment announced on Tuesday it had sent US$300 million (RM1.29 billion) in funds stolen in the 1MDB corruption scandal to the government that had been laundered. JHOLOW NAJIBRAZAK
Combined with other funds handed over nearly one year ago, the Justice Department said it has now returned or helped Malaysia recover more than US$1 billion in funds and assets lost in the scam.
“The amount of money stolen from the people of Malaysia is staggering, and we have been relentless in recovering assets that always should have been used for their benefit.” The US says that from 2009 to 2015, high-level officials of 1MDB and a high-flying young businessman named Low Taek Jho, aka Jho Low, siphoned off the billions originally meant to fund state investments.
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