MOF: Nation recovers RM31.3b from 1MDB but still faces RM20b loss
MALAYSIA has recovered RM31.3 billion in assets linked to the 1Malaysia Development Berhad (1MDB) scandal but still faces about RM20 billion in losses, the Finance Ministry (MOF) said as efforts to reclaim more funds continue. The ministry said it to...
Malaysia has recovered RM31.3 billion in assets tied to the 1Malaysia Development Berhad (1MDB) scandal, but still faces approximately RM20 billion in losses, according to the Finance Ministry (MOF). The government is pursuing S$1.298 billion (RM4.2 billion) from DBS Bank in Singapore, as part of efforts to reclaim more funds. The claim, filed in the Singapore High Court, involves four liquidated companies and alleges misuse of funds from 1MDB and SRC International Sdn Bhd.
Prime Minister Anwar Ibrahim emphasized that the recovery effort aims to restore trust in institutions and Malaysia's international standing. The government's total 1MDB obligations are RM51.4 billion, with RM31.3 billion recovered through assets and RM20 billion remaining to be borne by the government. The recovery process involves legal actions and international cooperation, including a settlement in August 2025 with JPMorganChase contributing RM1.4 billion to the Malaysia Asset Recovery Trust Account.
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