US authorities will return $200 million stolen from Malaysia's state fund 1MDB, sources say
"I think they know it is our money, so they will give back our money," Malaysia's Prime Minister Mahathir Mohamad told a news conference after confirming the $200 million figure.
US authorities will this month return $200 million stolen from Malaysia's state fund 1MDB, including money from a stake in a luxury New York hotel and from a Hollywood movie producer, two sources with direct knowledge of the matter said. Prime Minister Mahathir Mohamad, who defeated Najib in a shock election result last year, is working with at least six countries to recover about $4.5 billion the US Department of Justice says was stolen from 1MDB.
Jho Low, the alleged mastermind behind the looting of 1MDB, is wanted by Malaysian authorities on criminal charges. Low, whose whereabouts are not known, has denied wrongdoing.
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