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Malaysia's anti-graft agency vows to recover more high-value art bought with 1MDB scandal funds
Azam Baki said the recovery rate ranks among the highest globally, while eight of 12 identified artworks linked to 1MDB remain missing.
- On Wednesday, Malaysian Anti-Corruption Commission chief commissioner Tan Sri Azam Baki announced Malaysia recovered RM31.3 billion, or 74.5 per cent, of misappropriated 1Malaysia Development Berhad funds, including four repatriated artworks.
- Between 2009 and 2014, complex globe-spanning schemes siphoned more than US$4.5 billion from the state fund, requiring extensive international cooperation with the Federal Bureau of Investigation and United States Department of Justice.
- Four retrieved works, including a 1961 Pablo Picasso print, are displayed at MACC headquarters. Azam noted, "These artworks are not merely of commercial value, but also stand as historical symbols of the country's largest corruption scandal."
- Authorities identified 12 artworks linked to the scandal, with eight still missing, while the agency works to recover proceeds from a Claude Monet painting sold in Switzerland for about RM114 million.
- Azam expects all remaining assets could be returned to the country by 2027, fulfilling Prime Minister Datuk Seri Anwar Ibrahim's directive to trace and reclaim all misappropriated funds.
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Total News Sources17
Leaning Left3Leaning Right3Center4Last UpdatedBias Distribution40% Center
Bias Distribution
- 40% of the sources are Center
40% Center
L 30%
C 40%
R 30%
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