Live Demo Agent Trial
Live Demo Agent Trial Log In Sign Up
News Wire / other

Malaysia Recovers $2 Billion In 1MDB Funds

CNA938 Singapore Kuala Lumpur 6d6d Impact 10

Malaysia's anti-corruption agency recovered four high-value paintings purchased using proceeds from the 1MDB sovereign wealth fund. The funds involved were originally frozen on October 1, 1999, totaling 42 million Ringgit. SPRM CEO Tan Sri Azam Baki stated that approximately $2 billion in 1MDB funds has been returned to Malaysia. SPRM CEO Tansri Azam Baki stated this recovery sets a record for compensation in a major financial crime case. Malaysia's anti-corruption agency, SPRM, has recovered 42 million Ringgit, which were frozen funds from 1Malaysia Development Berhad (1MDB) since October 1, 1999. Discussions will focus on the Middle East crisis's impact on Southeast Asia and Asia's response to energy and food security, as well as the safety of Asian nationals in affected regions. The crisis in Myanmar since the 2021 takeover is also expected to be discussed.

Malaysia's anti-corruption agency recovered four high-value paintings purchased using proceeds from the 1MDB sovereign wealth fund. The funds involved were originally frozen on October 1, 1999, totaling 42 million Ringgit. SPRM CEO Tan Sri Azam Baki stated that approximately $2 billion in 1MDB funds has been returned to Malaysia. SPRM CEO Tansri Azam Baki stated this recovery sets a record for compensation in a major financial crime case. Malaysia's anti-corruption agency, SPRM, has recovered 42 million Ringgit, which were frozen funds from 1Malaysia Development Berhad (1MDB) since October 1, 1999. Discussions will focus on the Middle East crisis's impact on Southeast Asia and Asia's response to energy and food security, as well as the safety of Asian nationals in affected regions. The crisis in Myanmar since the 2021 takeover is also expected to be discussed. The recovery follows long-standing investigations into the 1MDB scandal. This brings the total recovered funds to over $18 billion. During the 139th Canton Fair, from April 15th to May 5th, Guangdong region's tax authorities reported that the export tax rebate volume in the region, excluding Shenzhen, reached 25.7 billion U.S. The recovery presents an opportunity for Malaysia to share and exchange views on building and advancing the Asian community. The SPRM has confirmed the funds have been brought back to Malaysia.

Topics

1MDB corruption art recovery

Developing

  1. 862d Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore.
  2. 862d Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.
  3. 862d Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est.
  4. 862d Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium.

Sources · 7 independent

CNA938 Singapore

“Malaysia's anti-corruption agency says it has recovered four high-value paintings purchased using proceeds from the embattled sovereign wealth fund, 1MDB.”

CRI Huayu Global

“Malaysia Recovers 1MDB Looted Picasso Print”

CRI Huayu Global

“马来西亚追回了1MDB丑闻中被盗的一幅毕加索版画。”

RTM Nasional FM

“SPRM Chief Executive Tan Sri Azam Baki said this work has also become one of the highest compensation records for the world's largest financial crime cases.”

RTM Nasional FM

“SPRM已经感知大约20亿美元的1MDB资金被带回马来西亚。”

RTM Nasional FM

“SPRM has sensed about 2 billion US dollars of 1MDB funds being brought back to Malaysia.”

RTM Nasional FM

“Tan Sri Azam Baki also said that SPRM has sensed about 2 billion US dollars of 1MDB funds being brought back to Malaysia.”

RTM Nasional FM

“SPRM has sensed approximately 2 billion dollars of 1MDB funds being brought back to Malaysia.”

RTM Nasional FM

“SPRM Chief Tan Sri Azam Baki said that SPRM has sensed about 2 billion US dollars of 1MDB funds being brought back to Malaysia.”

RTM Nasional FM

“Tan Sri Azam Baki said that SPRM has sensed about 2 billion US dollars of 1MDB funds being brought back to Malaysia.”

RTM Nasional FM

“SPRM Chief Executive Tansri Azam Baki said this work has become one of the highest compensation records in the world's largest financial crime cases. Tansri Azam Baki also said SPRM has sensed about 2 billion dollars of 1MDB funds being brought back to Malaysia.”

VOV1 Vietnam

“SPRM recovers $2B in 1MDB funds.”

CNR Voice of China

“据国务院新闻办公室消息,今年上三个月,我国全行业对外直接投资3094.5亿元,同比增长5.4%。其中,对外承包工程业务完成营业额2593.5亿元,同比增长5.7%。记者从国家税务总局广东省税务局了解到,今年4月15日到5月5日,第139届广交会期间,广东地区不含深圳离境退税开单 中国之声新闻和报道摘要”

CNR Voice of China

“据国务院新闻办公室消息,今年上三个月,我国全行业对外直接投资3094.5亿元,同比增长5.4%。其中,对外承包工程业务完成营业额2593.5亿元,同比增长5.7%。记者从国家税务总局广东省税务局了解到,今年4月15日到5月5日,第139届广交会期间,广东地区不含深圳离境退税开单 中国之声新闻和报道摘要 日本和平团体6日在东京举行集会,对日本政府试图突破无核三原则,解除杀伤性武器出口限制,推动修改和平宪法等一系列动向,表现强烈反对和不满。中国之声国际新闻编辑顾力报道。当地时间6日,集会民众首次反对修改宪法第九条。”

Radio XYZ

“Malaysia has recovered two billion dollars in funds related to the 1MDB scandal.”

Unlock the full story

Get a Pro subscription or above to see the live story progression and the full list of independent sources confirming each event as they happen.

Log in to upgrade