1MDB Scandal: US Justice Department Recovers Additional $20M, Totaling $1.4B in Recovered Funds
2025-01-20
Malay Mail
The US Justice Department has made another significant breakthrough in the 1MDB scandal, recovering an additional $20 million in misappropriated funds, bringing the total recovered amount to $1.4 billion. This latest development marks a major milestone in the ongoing efforts to retrieve assets linked to the 1Malaysia Development Berhad corruption case, with the US government utilizing its Kleptocracy Asset Recovery Initiative to track down and recover ill-gotten gains, promoting financial transparency and accountability in the process, with anti-money laundering and asset recovery being key focuses.