KUALA LUMPUR(Nov 11): Malaysia’s recovery of assets linked to the 1Malaysia Development Bhd (1MDB) is now entering its final stages, Prime Minister Datuk Seri Anwar Ibrahim said on Tuesday.

The efforts have “recently seen new inflows,” he told the Dewan Rakyat during the prime minister’s question time. “I cannot specify the exact amount, but it represents an additional RM1 billion on top of previous recoveries.”

He said the process continues in Switzerland, London, and other locations, overseen by a dedicated committee.

Malaysia has been intensifying efforts to reclaim 1MDB assets. On Oct 14, the Finance Ministry reported that RM20.73 billion had been recovered through settlements with several financial institutions involved in the scandal.

The settlements include US$3.9 billion (about RM16.5 billion) from Goldman Sachs Group Inc, comprising US$2.5 billion in cash and an asset recovery guarantee valued at US$1.4 billion; RM2.83 billion from AMMB Holdings Bhd (KL:AMBANK); and US$330 million from JPMorgan.

Separately, Anwar said that the Malaysian Anti-Corruption Commission (MACC) had recovered about RM8 billion in cash and assets, which were already returned to the government’s consolidated fund under the Finance Ministry.

The recovery is part of a raft of seizures totalling RM15.5 billion including cash, property, company shares, and buildings from corruption, leakages, and smuggling since 2023, he added.

For more Parliament stories, click here.