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US govt returns $156 million worth of 1MDB funds to Malaysia, state media says

By Thomson Reuters Jun 13, 2024 | 9:18 PM

KUALA LUMPUR (Reuters) – The U.S. government has returned about $156 million to Malaysia in recovered assets linked to scandal-hit state fund 1Malaysia Development Berhad (1MDB), Malaysian state news agency Bernama reported.

The recovered funds were being returned following the U.S. Justice Department’s approval of a remission petition submitted by the Malaysian government, Bernama reported late on Thursday, citing a statement from the U.S. embassy in Kuala Lumpur.

(Reporting by Danial Azhar; Editing by John Mair)