KUALA LUMPUR—Malaysia is pursuing civil action to recover about 4 billion ringgit ($954.65 million) of funds disbursed by a former subsidiary of 1MDB, a now-defunct state fund under investigation for money laundering, the finance minister said on Wednesday.
It is the latest action by Malaysian authorities seeking to recover billions of dollars allegedly stolen from 1Malaysia Development Berhad (1MDB). Malaysian and U.S. investigators believe about $4.5 billion was misappropriated from 1MDB by top officials of the fund and associates between 2009 and 2014.
