US to return seized assets

THE US ambassador to Malaysia has told Kuala Lumpur that assets seized by the US as part of its probe into the 1MDB fund will be monetised and returned to Malaysia, the Southeast Asian nation’s finance minister said. Minister Lim Guan Eng made the comment on Twitter following a meeting with Kamala Shirin Lakhdhir, the US ambassador to Malaysia. The US Department of Justice has filed civil lawsuits to seize assets it says were bought with funds misappropriated from Malaysian state fund 1Malaysia Development Berhad (1MDB). – Reuters