1MDB: Asset Recovery Slower Than Expected, Lucky to Recoup 30% of Billions

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Slowly recovering a fraction of misappropriated funds.

Finance Minister Lim Guan Eng said today that asset recovery in the 1Malaysia Development Berhad (1MDB) multi-billion fraud investigation is going much slower than expected.


Lim, a former banker and chartered accountant, said at CLSA Investors’ Forum in Hong Kong that realistically “we will be lucky if we get 30 percent back”.

He added Goldman Sachs is on the radar screen to get back some fees from 1MDB.