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KL focusing on repatriating assets bought using IMDB funds
The Straits Times
|July 07, 2024
The Malaysian federal government is focusing on repatriating assets wrongfully bought using 1Malaysia Development Berhad (1MDB) funds, said Home Minister Saifuddin Nasution Ismail.
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He said his ministry was aware of a recent deal between the US Department of Justice (DOJ) and fugitive financier Low Taek Jho, better known as Jho Low.
“The deal is a matter dealt with by the US DOJ, and it involves returning 1MDB assets to the DOJ,” Datuk Seri Saifuddin said at a press conference after attending the police’s community safety run at Dataran Putrajaya on July 6.
“If it involves our country’s assets, our focus will be on asset repatriation.”
He was asked to comment on the deal between the DOJ and Low, which involved the latter returning assets and items bought using 1MDB funds.
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