Malaysia To Seek Return Of 1mdb Money From Banks Political Parties


KUALA LUMPUR – Malaysia intends to recover all funds illicitly taken from 1Malaysia Development Berhad (1MDB), and determine whether there are grounds for claims against companies, including Goldman Sachs (GS.N), that profited from dealing with the beleaguered state fund.

Finance Minister Lim Guan Eng told Reuters in an interview on Thursday that a plan was “on the table” to ask all individuals and political parties to return money that came from 1MDB, which was allegedly used as a slush fund by former prime minister Najib Razak.

Having defeated his former protege in an election last month, Prime Minister Mahathir Mohamad’s administration has launched an investigation into how the fund founded by Najib lost billions of dollars.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.