Malaysia Seizes RM37.53 Billion In Assets, RM28 Billion Used To Settle 1MDB Debts

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A total of RM37.53 billion in assets has been seized through Malaysia’s enforcement efforts to combat alleged corporate mafia activities, with RM28 billion of the amount used to settle debts linked to 1Malaysia Development Bhd (1MDB).

Prime Minister Datuk Seri Anwar Ibrahim said enforcement action against such activities was ongoing through criminal and civil investigations and prosecutions.

“The total amount seized and recovered through the efforts of Bank Negara Malaysia (BNM), the Malaysian Anti-Corruption Commission (MACC) and other agencies has reached RM37.53 billion,” he said during the Dewan Rakyat sitting on Tuesday.

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