“Efforts to recover other unlawfully misappropriated assets are ongoing,” said Tan Rajah & Cheah, which is advising the Malaysia government and 1Malaysia Development Bhd. on recovery efforts. The so-called disposal orders for the repatriation were handed down by the Singapore State Courts, according to the statement.
Malaysia’s Prime Minister Mahathir Mohamad has said he is seeking to claw back US$4.5 billion potentially lost from 1MDB. Malaysian investigators are collecting information with cooperation from foreign authorities including the US and Singapore to trace complex transactions that have spawned investigations in at least 10 countries.
Mahathir has said he wants the return of a US$35 million Bombardier Global 5000 jet parked in Singapore. The plane belongs to financier Low Taek Jho, described by investigators as a key character in the probe. Low has consistently denied wrongdoing.
See: Malaysia seeks US$35 mil private jet linked to 1MDB scandal
Singapore said last month it hadn’t received a formal request from Malaysia for the return of the jet.
