Singapore Orders Return of First Batch of Stolen 1MDB Money
- ‘Millions more’ expected to be recovered in time, lawyers say
- Mahathir seeking return of Bombardier jet parked in Singapore
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Singapore ordered millions of dollars pilfered from the beleaguered 1MDB to be returned to Malaysia, the first time the city-state has repatriated assets to its neighbor following a globe-spanning probe.
The funds in various currencies total about S$15.3 million ($11.1 million) and are being transferred to a special 1MDB recovery bank account in Kuala Lumpur, according to emailed statements Monday from Tan Rajah & Cheah, a Singapore law firm advising the Malaysia government and 1Malaysia Development Bhd. on recovery efforts.