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Malaysia in transition

US returns another $300m of recovered 1MDB funds to Malaysia

Assets recovered included high-end real estate in Beverly Hills, New York and London

Former Malaysian Prime Minister Najib Razak prays with his supporters before entering a court room at Kuala Lumpur High Court in Kuala Lumpur in December  2019. Najib's government set up 1MDB fund in 2009.    © Reuters

WASHINGTON (Reuters) -- The U.S. Department of Justice on Tuesday said it has repatriated another $300 million to Malaysia in recovered money misappropriated from 1Malaysia Development Berhad, or 1MDB, the country's sovereign wealth fund.

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