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

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

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”.  

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

https://www.malayjournal.com



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