Justice Department Repatriates $1.4B Misappropriated 1MDB Funds to Malaysia
June 14, 2024
June 14, 2024
WASHINGTON, June 14 -- The U.S. Department of Justice issued the following news release on June 13, 2024:
The Justice Department announced today that it has repatriated an additional $156 million in misappropriated 1Malaysia Development Berhad (1MDB) funds to the people of Malaysia, bringing the total returned by the department to approximately $1.4 billion.
According to court documents, the funds from 1MDB, formerly Malaysia's investment development fund, were laundere . . .
The Justice Department announced today that it has repatriated an additional $156 million in misappropriated 1Malaysia Development Berhad (1MDB) funds to the people of Malaysia, bringing the total returned by the department to approximately $1.4 billion.
According to court documents, the funds from 1MDB, formerly Malaysia's investment development fund, were laundere . . .