PUTRAJAYA has successfully recovered RM19.14 billion in funds related to 1Malaysia Development Berhad (1MDB) until January 31 this year, the Finance Ministry said.

Finance Minister Tengku Zafrul Abdul Aziz said the funds were put into the Asset Recovery Trust Account.

He said most of the money raised was from five major sources, totalling US$1.23 billion (RM5.17 billion) from the US Department of Justice (DOJ).

He said US$2.5 billion (RM10.5 billion) was received from Goldman Sachs as part of the total settlement finalised in July 2020 and credited in September 2020.

Tengku Zafrul said this in a written parliamentary reply to Wong Kah Woh (Ipoh Timur-PH), who had asked the amount of funds that has been successfully recovered as a result of the action taken on the 1MDB issue since 2018 and the total amount of losses.

Tengku Zafrul said US$80 million (RM336 million) was received from Deloitte as a result of global settlement on May 24 last year (credited last June).

“A total of RM2.315 billion was received from AmBank as a result of global settlement on May 5, 2021 (credited in July and December 2021) and US$80 million (RM336 million) from KPMG as a result of global settlement on December 16, 2021 (credited in January 2022),” he said.

Tengku Zafrul also said 1MDB has appointed Parker Randall as the auditor to perform an audit of the company’s financial statements, including its assets and liabilities.

“However, the latest audited financial statements have yet to be finalised as the long-time auditors, KPMG (2010, 2011 and 2012) and Deloitte (2013 and 2014) have withdrawn their reports and views on the company’s financial statements,” he said.

“As such, the actual amount of 1MDB’s loss at this time cannot be verified.”

The settlements are part of the government’s efforts to recover funds and assets directly or indirectly linked to the investment fund. – March 4, 2022.