KAJANG (Bernama): The Malaysian Anti-Corruption Commission (MACC) will execute phase three of its move to recover 1Malaysia Development Bhd (1MDB) funds from recipients. "Phase one saw civil forfeiture suits filed against recipients who still had the money in their accounts, which we froze. On Monday (Oct 7), MACC issued compound notices to 80 individuals and entities who allegedly received money totalling RM420mil from 1MDB. Solar Shine Sdn Bhd allegedly received the highest amount at RM134mil as an entity while Datuk Seri Nazir Tun Razak, who is former CIMB chairman, allegedly received RM25.7mil as an individual. On Nazir’s statement that he would give his full cooperation to MACC, Latheefa declined to elaborate.

Source: The Star October 12, 2019 13:52 UTC