Guan Eng: Asset recovery on 1MDB much slower than expected


  • Nation
  • Thursday, 13 Sep 2018

Finance Minister Lim Guan Eng

HONG KONG (Reuters): Asset recovery in the 1Malaysia Development Berhad (1MDB) multi-billion fraud investigation is going much slower than expected, says Finance Minister Lim Guan Eng.  

Lim, a former banker and chartered accountant, said at the CLSA Investors’ Forum in Hong Kong on Thursday (Sept 13) that realistically, ”we will be lucky if we get 30 percent back”.  

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Nation

Loose lorry tyre caused deadly pile-up that claimed seven lives in Melaka
Seven killed, including baby, in Alor Gajah multi-vehicle crash
Merry Christmas
High Court dismisses Yeoh’s suit against Musa Hassan
Prabowo unwell, meeting with Anwar postponed
Malaysia Airlines crew praised for medical flight professionalism
A landscape of chaos and ruin after the waves
Recounting the day the tsunami hit
Experts suggest more affordable housing near transit hubs to help urban poor get around
Ops Lancar to monitor year-end travel traffic

Others Also Read