Missteps and legitimacy issues undermine Malaysia's global recovery of 1MDB funds

Unless Malaysia is re-admitted into the US Department of Justice plan, the prospects for the 1MDB recovery effort look grim. PHOTO: REUTERS
New: Gift this subscriber-only story to your friends and family

KUALA LUMPUR - Malaysia's campaign to recover billions of dollars stolen from the state-owned 1Malaysia Development Bhd (1MDB) is coming apart, seriously undermining the country's hopes of staking a claim to monies that are being recouped by international regulatory agencies.

The new government of Prime Minister Muhyiddin Yassin, which took over power in early March, is facing obstacles trying to re-establish negotiations with the wide cast of international counter parties tied directly to the claims.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and straitstimes.com

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Join ST's Telegram channel and get the latest breaking news delivered to you.