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Headlines:
70% of 1MDB assets recovered, says MACC chief
Published on: Tuesday, March 07, 2023
Published on: Tue, Mar 07, 2023
By: FMT, Faisal Asyraf
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70% of 1MDB assets recovered, says MACC chief
About RM28.93 billion of assets and funds linked to 1MDB have been recovered, says MACC chief Azam Baki. (AP pic)
PUTRAJAYA: The Malaysian Anti-Corruption Commission (MACC) has recovered about 70% of assets and funds linked to 1MDB, equivalent to about RM28.93 billion.

MACC chief commissioner Azam Baki vowed that the anti-graft agency will not stop in its endeavour to recover the remaining 30% of assets and funds linked to the sovereign wealth fund.

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“We are in the midst of recovering it in several locations abroad and we will not stop,” Azam said at a press conference at the MACC headquarters here today.

Last week, the finance ministry announced that Abu Dhabi-owned companies International Petroleum Investment Company (Ipic) and Aabar Investments PJS had agreed to pay 1MDB and Minister of Finance Incorporated (MoF Inc) US$1.8 billion to settle their legal dispute.

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Both sides were embroiled in a legal fight in the UK with claims that Ipic and Aabar were complicit in the 1MDB scandal.

Separately, Azam dismissed Bersatu secretary-general Hamzah Zainudin’s claim that MACC had no reason to detain and remand the party’s treasurer-general, Salleh Bajuri.

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Hamzah had said Salleh had been “very cooperative” and had been called up numerous times by MACC in January over its investigation.

Azam maintained that MACC used its discretion to remand Salleh and had followed the rules and laws.

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“I leave it to my investigating officers. They felt it was necessary to remand him at the time. We use our discretion (to seek a remand order) from time to time, depending on the case,” he said.

MACC had questioned Salleh last week in its investigation into the Jana Wibawa programme. According to sources, the investigation also pertained to the Akar Umbi Pemacu Negara (AkuPN) online application.

Last month, Bersatu’s Tasek Gelugor MP, Wan Saiful Wan Jan, and Segambut Bersatu deputy chief Adam Radlan Adam Muhammad were charged with corruption in relation to the Jana WIbawa programme.
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