Malaysia

1MDB asset recovery needs foreign help, says MACC

Chief commissioner Datuk Seri Azam Baki says the agency is working with the US, UK, Switzerland and Singapore

Updated 6 years ago · Published on 30 Sep 2020 9:52PM

1MDB asset recovery needs foreign help, says MACC
MACC chief Datuk Seri Azam Baki says Malaysia needs cooperation and coordination from foreign countries to recover 1MDB related assets. – YouTube screenshot, September 30, 2020

PUTRAJAYA – Asset recovery under the 1Malaysia Development Bhd (1MDB) case requires a lot of cooperation and coordination from foreign countries, says Malaysian Anti-Corruption Commission (MACC) chief commissioner Datuk Seri Azam Baki.

He said, as such, there is still a long way to complete investigations into the case.

“What can I say so far, the MACC is working with other agencies to recover the people’s money that has been misappropriated abroad.

“The MACC is working with countries including the United States, the United Kingdom, Switzerland and Singapore.”

Azam said the MACC is taking proactive measures to track 1MDB assets and recover them, adding that he could not comment further on the case as it could affect the investigation and ongoing trial.

Prime Minister Tan Sri Muhyiddin Yassin previously said the government was committed to continuing efforts to recover 1MDB-related assets as well as prosecute individuals and parties involved in the scandal. – Bernama, September 30, 2020

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