Country of Origin
Malaysia
Other Jurisdictions Involved
Singapore
Disposition of Criminal Case(s)
At the time of reporting (in 2020), there was an ongoing investigation/prosecution related to this case in the country of origin (Malaysia).
1MDB International Task Force :
1. DOJ
2. SWITZERLAND
3. SINGAPORE
4. FRANCE
5. LUXEMBOURG
Action Initiating Asset Recovery
Other procedure
Stage of Asset Recovery
Assets returned
Legal Basis for Asset Recovery in the country of origin
Non-conviction based confiscation (NCB)
Out-of-court Settlement Agreement
Legal Basis for International Cooperation
Bilateral Mutual Legal Assistance Treaty
Reciprocity
Manner of Asset Transfer
Direct wire transfer to a centralized government account (e.g. general budget)
Direct wire transfer to a beneficiary government agency
Direct wire transfer to a separate, designated government account for the asset return
Escrow account
Contributing Factors in Asset Recovery
Other
Specify Other
CAD Singapore
Notes
Assets returned
#1
Assets returned
93,500,000.00 SGD
Assets Returned (USD equivalent)
$68,593,283.00
Date of return
2019
Asset Type at Time of Return
Cash/bank deposit
Agreement for Returned Assets
No
Assets Confiscated
#1
Date of confiscation
2018 - 2019
Asset Type at Time of Confiscation
Cash/bank deposit
Assets Frozen/Seized
#1
Date of freeze/seizure
2018 - 2019
USD Conversion date
2023
Date and Country of Case Submission
January 1, 2020
Malaysia
Data Source
Official information provided by country authorities