Malaysia aims to recover nearly $1 billion paid out by former 1MDB unit

Malaysia aims to recover nearly $1 billion paid out by former 1MDB unit

Reuters

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Malaysia is pursuing civil action to recover about 4 billion ringgit ($954.65 million) of funds disbursed by a former subsidiary of 1MDB, a now-defunct state fund under investigation for money laundering, the finance minister said on Wednesday.

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