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”.  

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

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

Sultan Nazrin attends state-level Deepavali celebrations
No evidence Pantai Esen pollution due to Silicon Island reclamation works, says exco rep
Johor cops looking for man in alleged child molestation case
MCMC to explore non-SMS disaster alert channel, says Fahmi
M. Nasir says honorary doctorate is career's highest honour
Google, Microsoft praise M'sia's approach to building AI infrastructure, roadmap
I am ready to be suspended, sacked from PKR for criticising govt, says Pasir Gudang MP
Family of nine escapes unhurt as home collapses into sea in Semporna
11 individuals relocated to flood relief centre in Segamat
Emotional moment as wife receives husband's posthumous degree at USM convocation

Others Also Read