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Singapore has launched a phased auction process for luxury goods and properties seized in its largest money laundering investigation. More than 80 properties and thousands of luxury items will be progressively sold through online auctions managed by Deloitte, with proceeds entering the national Consolidated Fund.
Malaysia's anti-corruption commission will lead a special ASEAN training course on asset recovery, drawing on its experience handling the 1MDB case. The initiative aims to strengthen regional cooperation in combating corruption.
Malaysia has received over USD1.37 billion in recovered assets linked to the 1MDB scandal from the United States, according to the Minister in the Prime Minister's Department. Substantial additional funds remain frozen or subject to forfeiture proceedings.
Malaysia's Finance Ministry has defended the use of Asset Recovery Trust Account funds to repay debts owed by 1MDB and SRC International, stating all disbursements comply with established trust directives and governance protocols.
Bangladesh has recovered 760 billion taka (approximately $6.2 billion) in assets belonging to ousted Prime Minister Sheikh Hasina, her family members, and ten connected business conglomerates, marking a significant move by interim authorities.