Anwar: Recovering 1MDB assets restores trust in govt, not just about money
Malaysian Prime Minister Anwar Ibrahim emphasizes that recovering 1MDB assets is crucial for restoring institutional trust and national integrity. The government continues to pursue legal action against financial institutions to recover billions in misappropriated funds.
Why it matters
The 1MDB scandal remains a significant case study in international financial corruption and government accountability.
PETALING JAYA: Efforts to recover assets linked to the 1Malaysia Development Bhd (1MDB) scandal were not merely about getting back money that had been lost, says Prime Minister and Finance Minister Datuk Seri Anwar Ibrahim.
“Trust, confidence in institutions and Malaysia’s standing among international partners were also at stake in this dark chapter of the country’s history,” he said.
Anwar said the Madani Government was committed to strengthening governance and institutional accountability to prevent such a betrayal from happening again.
In a statement on Sunday (Sept 13), the Finance Ministry said Malaysia remained committed to recovering funds linked to the 1MDB scandal.
The ministry said it took note of a claim filed at the Singapore High Court against DBS Bank Ltd by four companies undergoing liquidation, seeking about S$1.298bil (RM4.2bil) in damages over funds allegedly misappropriated from 1MDB and SRC International Sdn Bhd.
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