Singapore recovers $11.1m linked to 1MDB Malaysia Fund

SINGAPORE (AP) — A Singaporean court has ordered the return of 15.3 million Singapore dollars ($11.1 million) linked to the indebted 1MDB Malaysian state investment fund.

Law firm Tan Rajah & Cheah said Monday that the misappropriated funds were being transferred to a special 1MDB recovery bank account in the Malaysian capital, Kuala Lumpur.

It did not say how many individuals were involved.

Citing an unnamed source, Malaysia’s National News Agency Bernama reported in July that the government had appointed the Singapore firm to act against 53 individuals and companies to recover funds belonging to 1MDB.

adwpadmin

adwpadmin

More News

STORMTRACKER 18 WEATHER
Osseo
67°
Menomonie
66°
Chetek
57°
Durand
68°
Ladysmith
61°
Neillsville
70°
Rice Lake
63°
New Richmond
Black River Falls
69°
Medford
63°
River Falls
Duluth
55°
Green Bay
63°
La Crosse
71°
Madison
69°
Milwaukee
67°
Twin Cities
63°
Weather Outlook: Rain, T-storms on the way

Weather Outlook: Rain, T-storms on the way

The Stormtracker 18 Weather Team is tracking multiple rounds of showers and thunderstorms over the next couple days. There will

Connect With WQOW
Top Stories

Sex offender faces new charges in Eau Claire

A convicted sex offender living in Eau Claire is charged with two counts of first degree sexual assault of a

UPDATE: 4 from Loyal, including 3 kids, killed in Apostle Island kayak incident

Sheriff Michael Brennan said Erik Fryman, 39, and his kids 3, 6 and 9-years-old died. The mom, Cari Mews, 29,

NEW: Missing Mondovi man found dead Wednesday afternoon

According to Mondovi Police Chief Colin Severson, the department is looking or Nathan D. Kummer who was reported missing by

UPDATE: Gas leak contained in Boyd

Boyd's fire chief told News 18 crews were digging up a leaking water line at Double D's Saloon and workers

Job fair held for workers over 55-years-old

Tuesday citizens 55 and older were invited to the "Age and Opportunity Job and Volunteer Fair" at Oakwood Mall to

Scroll to top
Skip to content