US DOJ returns additional US$452m of 1MDB funds to Malaysia

The United States Department of Justice (DOJ) announced that it has repatriated an additional US$452 million in misappropriated 1MDB funds to the people of Malaysia, bringing the total returned to over US$1.2 billion.

According to court documents, the funds from 1MDB, formerly Malaysia’s investment development fund, were laundered through major financial institutions worldwide, including in...