The government has recovered RM919mil worth of assets related to 1Malaysia Development Berhad (1MDB) since investigations began

MACC: RM919mil recovered so far in 1MDB scandal


Friday, 21 Jun 201912:29 PM MYT

by mazwin nik anis and joseph kaos jr





PUTRAJAYA: The government has recovered RM919mil worth of assets related to 1Malaysia Development Berhad (1MDB) since investigations began last year.

Malaysian Anti-Corruption Commission (MACC) chief commissioner Latheefa Koya said these recovered assets include those from movie production company Red Granite Pictures and Park Lane Hotel in New York.


The 1MDB money recovered from Red Granite is estimated to be worth US$60mil, while Park Lane Hotel funds were valued at US$140mil.

The assets were recovered through the US Department of Justice.


It is best known for producing the award-winning blockbuster The Wolf of Wall Street, which was directed by Martin Scorsese and starred Leonardo DiCaprio.

The 47-storey Park Lane is a luxury hotel in Manhattan, which is said to be partly owner by fugitive 1MDB financier Low Taek Jho, also known as Jho Low.


Read more at https://www.thestar.com.my/news/nation/2019/06/21/macc-rm919mil-recovered-so-far-in-1mdb-scandal/#bV7EOL0aSRt131h3.99