US delays returning more 1MDB funds to Msia over political uncertainty

  • 📰 NST_Online
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 53%

Law Law Headlines News

NSTnation US delays returning more 1MDB funds to Msia over political uncertainty

Malaysia was plunged into turmoil when 94-year-old Prime Minister Tun Dr Mahathir Mohamad quit on Feb 24.

The US Department of Justice says over US$4.5 billion was looted from the fund under Umno Prime Minister Datuk Seri Najib Razak, who is now on trial for corruption. Last May, the United States began returning some of the recovered funds. The first instalment was nearly US$200 million. American and Malaysian investigators have said Najib received about US$1 billion of the stolen funds from 1MDB. He has pleaded not guilty and says he was misled by Malaysian financier Jho Low and other 1MDB officials.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 17. in LAW

Law Law Latest News, Law Law Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

US House passes US$8.3 bil bill to battle virusNew legislation will provide more funding than US$2.5 bil initially sought by Trump administration. FMTNews Virus US
Source: fmtoday - 🏆 5. / 72 Read more »

9 thumb drives on 1MDB audio clips sent to aide's home, Latheefa tells courtShe says it was a shocking revelation to cover up and fabricate evidence involving individuals. FMTNews 1MDB ThumbDrive MACC LatheefaKoya NajibRazak AudioClip Defence going on fishing expedition. Besides as man on street I fail to understand why the recordings brought up here. Is that not for another case to charge penyamun najib along with his cronies KhabirM Buying time If She is indeed a Trained lawyer, Then she is a Complete IDIOT ! An embarassment to the august office of SPRM and Government services.
Source: fmtoday - 🏆 5. / 72 Read more »

Day 88: Defence seeks to establish legality of 1MDB-linked audio recordingsLIVE | 3.55pm - Submission on admissibility of 1MDB-linked recordings on Monday Follow our live reports at
Source: malaysiakini - 🏆 20. / 51 Read more »

Muhyiddin 'on trial' over 1MDB caseCOMMENT | How the prime minister handles the matter will decide the fight against corruption. TS MuhyiddinYassin antara individu yang paling lantang menentang salah guna kuasa 1MDB. Namun sekiranya beliau cuba menutup kes ini atau melantik individu yang terpalit rasuah dalam kabinet, saya yakin legasi beliau tidak akan lama dan RAKYAT AKAN BANGKIT MENENTANG The whole country is watching the stance of the back door govt on the 1MDB. If there is a softening in the approach or if they are going to be lenient and forgiving then the Rakyat will not accept this one bit and will demand a change Ehem2 Dah berapa ramai World Leaders or Presidents or PMs yg congratulate or visit PM8 ? Dah 5 hari.. xkan Najib sorg je yg congrats? I wonder why... On 2nd thot.. I dont I know why... Whole Msia Knows Malaysia2020
Source: malaysiakini - 🏆 20. / 51 Read more »

Najib expects more conducive atmosphere for 1MDB trialNajib says there is better chances of a fair trial with the new gov't in place. Happy guy.Thanks Tun,Muhyiddin & all did good for our esteemed ex PM. Bring in osim chair. Like playing live gamelan in the court room?
Source: malaysiakini - 🏆 20. / 51 Read more »