Former prime minister Mahathir Mohamad, who resigned last month, cautioned that the party accused of graft at 1MDB was back in power. At least six countries are investigating financial crimes at 1MDB, founded by then-premier Najib Raza.
"I think they know it is our money, so they will give back our money," Malaysia's Prime Minister Mahathir Mohamad told a news conference after confirming the $200 million figure.
After repeatedly trying to delay his awaiting trial for plundering billions of dollars from the 1MDB wealth fund, Malaysia's ex-PM Najib Razak arrives in court.
The US requested the extradition of Ng Chong Hwa – a Malaysian former managing director at the bank – over the 1MDB money laundering and corruption scandal, which played a role in the electoral defeat of former prime minister Najib Razak.
Criminal charges filed against US investment bank and two of its former bankers in connection with bond offerings with Malaysian officials saying $2.7 billion was dishonestly misappropriated from bond issuances.
Ng Chong Hwa and Tim Leissner collaborated with Low Taek Jho, the mastermind of the scheme, to launder billions of dollars and pay bribes to government officials.
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