Malaysia's 1MDB files suits to recover $23 billion

Economy Society

The scandal-ridden state fund 1Malaysia Development Berhad and its sister company SRC International Sdn. Bhd. have filed 22 civil suits against a host of entities and individuals in the hope of recovering assets worth $23 billion, the Malaysian Finance Ministry said Monday. "Following significant and successful settlements with Goldman Sachs, AmBank Group and Deloitte PLT, the government's recovery efforts are now focused on pursuing other wrongdoers who have caused losses to 1MDB and/or SRC during the execution of their duties, as parties directly or indirectly involved in 1MDB and/or SRC's v...

Kyodo News

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