Malaysia Recoups Some 1MDB Assets After Ex-Banker’s Trial
- Authorities recover $5 million of assets related to 1MDB
- Some assets came from officers who worked under ex-PM Najib
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Malaysia said it has recovered 23.9 million ringgit ($5 million) worth of assets related to troubled state fund 1Malaysia Development Bhd. following former Goldman Sachs Group Inc. banker Roger Ng’s trial in the US.
The money and assets, including properties, were forfeited or surrendered by two officers who worked under ex-premier Najib Razak, a former 1MDB official and two persons connected to fugitive financier Low Taek Jho, or Jho Low, the Malaysian Anti-Corruption Commission said in a statement.