Malaysia working to recover 65 mln USD in 1MDB case
The Malaysian Anti-Corruption Commission (MACC) has launched legal action against 41 individuals and organisations to recover about 65 million USD stolen from scandal-hit state fund 1MDB.
Former Malaysian Prime Minister Datuk Seri Najib Razak (Photo: VNA)
Kuala Lumpur (VNA) – The Malaysian Anti-CorruptionCommission (MACC) has launched legal action against 41 individuals andorganisations to recover about 65 million USD stolen from scandal-hit statefund 1MDB.
MACC leader Latheefa Koya said the suit was filed at the Kuala Lumpur High Court on June 19 under the Anti-MoneyLaundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act2001.
The moneydisbursed to these recipients and entities all came from a personal bankaccount of former Prime Minister Datuk Seri Najib Razak, who was underinvestigation for charges of corruption and position abuse.
Among the organisations targeted are branches of the UnitedMalays National Organisation (UMNO), which was once headed by Najib, andother parties linked to UMNO and several businesses.
The 1MDB was founded by Nazib in 2009 with an aim forsocio-economic development. Malaysian and US investigators believe that thefund has looted about 4.5 billion USD, about 1 billion USD of which was sent tothe former Malaysian PM’s personal bank account.
Corruption charge in the scandal contributed to Nazib’slosing power at the general election on May 9, 2018. At least six countries areinvestigating the scandal.-VNA
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Former Malaysian Prime Minister Datuk Seri Najib Razak (Photo: VNA) 
