According to Bernama, the Malaysian government has announced today (April 15) that the US government has returned the 1Malaysia Development Berhad (1MDB) fund, which is US$ 300 million, to Malaysia.

The Malaysian Prime Minister stated that the amount is a recoverable amount as a result of the seizure of 1MDB-related assets under the Kleptocracy Asset Recovery Initiative by the US Department of Justice (DoJ).

  
Photo source: The Star

"The US$300mil represents some of the assets which had been forfeited and later sold. It also includes proceeds from 1MDB-linked assets that were given up or forfeited by individuals linked to Jho Low. The government is pleased to share that so far, inclusive of this most recent tranche of US$300mil, a total of US$620mil (RM2.38bil) of 1MDB monies, in the form of sales of proceeds or assets, have been returned," said the Prime Minister in a statement on Wednesday (April 15), as reported in The Star.

Meanwhile, the process to sell Low's left assets is still ongoing under the DoJ consent for forfeiture judgment.

  
Photo source: Harian Metro

"I would like to express my gratitude to the US government, particularly the US Embassy in Kuala Lumpur, on their excellent assistance and cooperation in facilitating the return of the US$300mil. I would also like to commend the Finance Minister and the Attorney General for their role in the negotiation process. 1MDB asset recovery efforts are ongoing, and the government will continue to work with the United States, the DoJ, and other governments to recover and repatriate more 1MDB monies in the future," he added.