Malaysia on Tuesday said the U.S. government had returned some $57 million in fu...
FILE PHOTO: Motorcyclists pass a 1Malaysia Development Berhad billboard at the Tun Razak Exchange development in Kuala Lumpur, Malaysia, February 3, 2016. REUTERS/Olivia Harris/File Photo
KUALA LUMPUR - Malaysia on Tuesday said the U.S. government had returned some $57 million in funds recovered from 1MDB assets in the “first installment” of funds to be repatriated under a U.S. kleptocracy asset recovery initiative. The U.S. Department of Justice , in the biggest ever case in its anti-kleptocracy program, is pursuing billions of dollars it says were misappropriated from 1Malaysia Development Berhad , a state fund founded by former Malaysian prime minister Najib Razak.
The $57 million repatriated to Malaysia was forfeited from Hollywood film production company Red Granite Pictures, which is linked to Najib’s stepson Riza Aziz, according to the Malaysian Attorney-General’s chambers . The DoJ is also in the process of remitting another $139 million, pending the sale of a Manhattan property linked to fugitive Malaysian financier, Low Taek Jho or Jho Low, the AGC said in a statement.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
U.S. to return $200 million in 1MDB funds to Malaysia: sourcesU.S. authorities will this month return $200 million stolen from Malaysia's...
Lire la suite »
US to return $200 million in 1MDB funds to Malaysia - sources'I think they know it is our money, so they will give back our money,' Malaysia's Prime Minister Mahathir Mohamad told a news conference after confirming the $200 million figure.
Lire la suite »
Julian Assange says he does not want to be extradited to the United StatesWikileaks founder Julian Assange told a London court on Thursday he did not want...
Lire la suite »
Malaysia sends ex-Goldman banker to U.S. to face 1MDB charges - reportMalaysia has extradited a former Goldman Sachs banker to the United States to fa...
Lire la suite »
Malaysia sends ex-Goldman banker to U.S. for 10 months to face 1MDB chargesMalaysia has extradited a former Goldman Sachs banker to the United States for 1...
Lire la suite »
There's a secretive tech fund inside Goldman Sachs transforming the bank and returning 25% a yearThe bank's Principal Strategic Investments team has grown in importance as Goldman Sachs has turned its sights on transforming itself.
Lire la suite »
Human hedge fund managers embrace robot-rival tools to amp returnsTraditional stock-pickers in the hedge fund world have been struggling to justif...
Lire la suite »
United States is on the way to becoming a non-white majority by 2045Non-white Americans are now the majority of the population in four states, as well as in the most prosperous and powerful US cities.
Lire la suite »
Analysis | Why is Russia clashing with the United States over Venezuela?Analysis: Why is Russia clashing with the United States over Venezuela?
Lire la suite »
PG&E seeks U.S. court approval for $105 million fund to help wildfire victimsPG&E Corp on Wednesday sought court approval for a $105 million fund to help hou...
Lire la suite »