Malaysia recovers $323 million of 1MDB fraud money

Malaysia has recovered 1.4 billion ringgit (323 million dollars) of funds allegedly stolen from state fund 1MDB and identified another 6.9 billion ringgit for recovery, the prime minister’s office said on Tuesday.

The US Department of Justice (DoJ), which says more than 4.5 billion dollars was looted from 1MDB in a multi-country fraud, returned nearly 200 million dollars to Malaysia in May.

A second transfer of about 240 million dollars was delayed last month.

SS