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Singapore authorities will auction luxury handbags, jewellery, watches and over 80 properties seized in the nation's largest S$3 billion money laundering investigation, with proceeds flowing to the state treasury.
The Malaysian Anti-Corruption Commission will lead a new ASEAN training course on recovering criminal assets, leveraging its experience from the 1MDB case to help regional partners combat corruption more effectively.
Malaysia has recovered over USD1.37 billion in assets linked to 1MDB misappropriation from the United States, with additional substantial sums remaining frozen or subject to forfeiture proceedings internationally.
Malaysia's Retirement Fund (KWAP) is pursuing multiple avenues to recover its RM163.4 million investment in eFishery, an Indonesian aquaculture company caught in a deliberate fraud scheme. The fund has strengthened its private markets investment approach.
The Malaysian Finance Ministry has rejected claims of misuse in the Asset Recovery Trust Account, confirming that funds were deployed solely to repay debts owed by 1MDB and SRC International in compliance with established governance frameworks.
Bangladesh has confiscated approximately $6.2 billion in assets connected to deposed Prime Minister Sheikh Hasina and her associates, marking a significant step in the country's efforts to recover public wealth following her departure from power.