M'sia to receive part of stolen 1MDB funds this year, says Guan Eng
Malaysia will be getting back some of the stolen 1MDB funds this year, Finance Minister Lim Guan Eng announced today.
Though noting that the first return would be a small sum, Lim expressed his hope that it would lead to the return of more of the stolen funds.
"Malaysia will receive payment from (the stolen) 1MDB (funds)... this will not be billions (of ringgit), but this will be a start...
Malaysia will be getting back some of the stolen 1MDB funds this year, Finance Minister Lim Guan Eng announced today.
Though noting that the first return would be a small sum, Lim expressed his hope that it would lead to the return of more of the stolen funds.
"Malaysia will receive payment from (the stolen) 1MDB (funds)... this will not be billions (of ringgit), but this will be a start, and this is good news.
"I hope this will be followed by more payments to Malaysia," he told a press conference in Putrajaya.
Lim, however, declined to reveal the source of the repayment or the exact amount.
In July 2018, the finance minister said that Malaysia may be able to recover as much as US$3.5 billion (RM14.2 billion) allegedly siphoned from 1MDB – amounting to 30 percent of the US$12.3 billion (RM50 billion) said to be lost.
Earlier this month, US investment bank Goldman Sachs, which helped the state investment firm raise US$6.5 billion (RM26.7 billion) in bonds, apologised to the Malaysian people for former banker Tim Leissner’s role in the scandal.
Meanwhile, Lim also called for opposition parties that received hundreds of millions from the 1MDB fund to return the money.
He said the government will take action to retrieve the money from these parties, including legal action, starting with the party that received the biggest sum originating from the firm.
Read more: Nicked from 1MDB or donation?
Lim did not name said parties, but told reporters that everyone knows the parties he was referring to.
Several parties allegedly received funds amounting to RM470 million from the account of former premier Najib Abdul Razak in the lead up to the 13th general election.
Umno allegedly received RM417 million, while MIC and MCA obtained RM20 million and RM16.5 million respectively.
Any recovery is a bonus. Well done!
It is a good start . Every drop counts. Please recover from other corruption cases eg tabung haji, fgv, bank pembangunan , EPF rubber land , HRDF,ccm, MAS, National feed Stock cow women sharijat,rimba TTDI,solar , xiddig,yayasan akal bumi
LGE- was happy to read the news of monies repatriation. Not happy that you was vague as to how much the money is and from what 1MDB rip-off that it occured from. Secrets were Najibs method. Be open in this very public issue. I don't care if it is as little as 10sen, just tell us!
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