Malaysia aims to recover about $5 billion in 1MDB-linked assets

FILE PHOTO – A construction worker works in front of a 1Malaysia Development Berhad (1MDB) billboard at the Tun Razak Exchange development in Kuala Lumpur, Malaysia February 3, 2016. REUTERS/Olivia Harris/File Photo

KUALA LUMPUR (Reuters) – Malaysia is looking to recover about $5 billion worth of foreign assets linked to state fund 1MDB, which is the subject of money laundering investigations, an anti-graft official said on Friday.

A separate taskforce will be set up to recover the assets, Azam Baki, a deputy commissioner at the Malaysian Anti-Corruption Commission, told reporters.

Reporting by Rozanna Latiff; Editing by Stephen Coates

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