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Guan Eng: RM46mil 1MDB-linked funds from Singapore is just 'tip of the iceberg'

The Star Online logo The Star Online 10/9/2018
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PUTRAJAYA (Bernama): Malaysia welcomes the move by the Singapore State Courts granting the return of 1 Malaysia Development Berhad (1MDB) monies with a total value of some S$15.3mil (RM45.9mil) to the country, says Finance Minister Lim Guan Eng.

“I hope this is the beginning of more to come. After all, the sum of these monies is only a tip of the iceberg to be returned relating to 1MDB. 

“We also want to thank the Attorney General on his efforts which are now bearing fruits,” he said in a statement here Monday (Sept 10). 

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Earlier, the Singapore State Courts granted disposal orders in respect of monies that had been unlawfully misappropriated from the 1MDB and/or SRC International Sdn Bhd group of companies.

Solicitors for the Malaysian government, Tan Rajah  and  Cheah, in a statement, said the monies  were in various currencies with a total value of S$15.3mil

These monies are being transferred to the special 1MDB recovery bank account in Kuala Lumpur, said the statement.  It added efforts to recover other unlawfully misappropriated assets were ongoing.  - Bernama

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