1MDB money : Lim Guan Eng says Malaysia welcomes Singapore State Courts' move

-A +A

PUTRAJAYA (Sept 10): 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, said 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 today. 

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 today, said the monies  are in various currencies with a total value of S$15.3 million.

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.