Prime Minister Mahathir Mohamad has set himself a target of recouping US$4.5 billion ($6.2 billion) that he said was squandered through the troubled state fund. Lim didn’t clarify if his 30% expectation refers to Mahathir’s target as the estimate of the full amount of lost assets.
(Sept 13): Malaysia is paring expectations for how much funds it can recoup from 1MDB, with Finance Minister Lim Guan Eng saying the country would be “very lucky” to get back just half.
“We want to get as much as we can but the reality is you can’t get the actual amount,” Lim said to reporters in Hong Kong, adding that the government can “realistically” recover 30%.
