Singapore has recently returned to Malaysia about US$16.3 million linked to a multibillion-dollar scandal at state fund 1MDB, the Malaysian Anti-Corruption Commission (MACC) said today.
US authorities say about US$4.5 billion was siphoned from 1MDB between 2009 and 2014, in a globe-spanning theft that has implicated high-ranking officials and financial institutions in multiple countries.
Putrajaya has said billions more remain unaccounted for.
Malaysia has recovered about RM20.5 billion (US$4.90 billion) in 1MDB assets so far, MACC said in a statement.
Efforts to recover more are ongoing, in countries including Switzerland, Kuwait, Mauritius, Cyprus, and Hong Kong, it added.