Sunday, June 26, 2022

Assets

RM5.1 billion in assets returned last year, almost 100% linked to 1MDB, says MACC

MACC chief Azam Baki assures that the agency will investigate any complaints of corruption if there is sufficient evidence, even if the amount involved is small.

Canada looks to sell off Russian oligarchs’ assets

Seized Russian oligarchs' assets – which local media have said top tens of millions of dollars in Canada, but officials declined to confirm – could then be used to help reconstruction in Ukraine.

Britain sets out ‘detailed plan’ to exploit crypto potential

As part of creating a global cryptoasset hub, financial services minister John Glen said Britain will legislate to bring some stablecoins under the regulatory net.

1MDB gets US$1.4 billion injunction against Jho Low and dad

The injunction will be enforced until the inter-partes application is disposed of.

SRC obtains court order freezing Najib’s assets

The former prime minister is prohibited from transferring or dissipating any of his assets up to the amount of RM42 million.

US offers rewards for tipsters on stolen 1MDB assets

Under the new Kleptocracy Asset Recovery Rewards Program, up to US$5 million is being offered for leads in several cases including that of 1MDB.

World’s largest sovereign wealth fund says Russia assets down 90%

In response to Russia's invasion, the Norwegian government announced that the sovereign wealth fund would initially freeze its investments in Russia before divesting them – a process that is likely to take time.

Taliban appeal to US Congress to release Afghan assets

Washington has seized nearly US$9.5 billion in assets belonging to the Afghan central bank, and the economy has effectively collapsed – with civil servants unpaid for months and the treasury unable to pay for imports.

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