The nation’s investigators are taking a pragmatic approach to recouping funds lost through the troubled state fund, saying they won’t pursue charges against those who willingly return the money. Prime Minister Mahathir Mohamad has made it his priority to track down the more than US$4.5 billion ($6.2 billion) believed to have been siphoned from 1MDB, including by charging units of Goldman Sachs Group Inc. and challenging a settlement with Abu Dhabi’s sovereign wealth fund.
(Oct 7): Malaysia is asking the brother of ex-premier Najib Razak and former cabinet ministers to return funds believed to have come from 1MDB or risk being prosecuted.
The Malaysian Anti-Corruption Commission is seeking about 420 million ringgit ($138 million) from 80 individuals and entities, including Nazir Razak, former chairman at CIMB Group Holdings and brother to Najib, Chief Latheefa Koya said in Putrajaya on Monday.
