Malaysia welcomes Singapore State Courts’ move

PUTRAJAYA: Malaysia welcomes the move by the Singapore State Courts granting the return of 1MDB monies with a total value of some S$15.3 million (RM45.9 million) to the country. This was said by Finance Minister Lim Guan Eng in a statement here yesterday.

“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. Earlier, the Singapore State Courts have 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 & Cheah, in a statement yesterday, said the monies are in various currencies with a total value of S$15.3 million.

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