Malaysia says US to monetise and return assets seized from 1MDB probe

Malaysia says US to monetise and return assets seized from 1MDB probe

FILE PHOTO: Men walk past a 1 Malaysia Development Berhad (1MDB) billboard at the fund's flags
FILE PHOTO: Men walk past a 1 Malaysia Development Berhad (1MDB) billboard at the fund's flagship Tun Razak Exchange development in Kuala Lumpur March 1, 2015. REUTERS/Olivia Harris/File Photo

KUALA LUMPUR: The US ambassador to Malaysia has told Kuala Lumpur that assets seized by the United States as part of its probe into the 1Malaysia Development Berhad (1MDB) fund will be monetised and returned to Malaysia.

Malaysia finance minister Lim Guan Eng on Tuesday (Jun 11) made the comment on Twitter following a meeting with Kamala Shirin Lakhdhir, the US ambassador to Malaysia.

"She reassured me that assets seized from 1MDB will be monetised and returned to Malaysia as early as possible," Lim said.

The US Department of Justice has filed civil lawsuits to seize assets it says were bought with funds misappropriated from Malaysian state fund 1MDB.

Source: Reuters/zl

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