Malaysia says US to monetise and return assets seized from 1MDB probe

The USambassador toMalaysiahas told Kuala Lumpur that assets seized by the United States as part of its probe into the 1MDB fund will be monetised and returned toMalaysia, the Southeast Asian nation's finance minister said.

Minister Lim Guan Eng made the comment on Twitter following a meeting with Kamala Shirin Lakhdhir, the USambassador toMalaysia.

"She reassured me that assets seized from 1MDB will be monetised and returned toMalaysiaas early as possible," Lim said.

The USDepartment of Justice has filed civil lawsuits to seize assets it says were bought with funds misappropriated fromMalaysian state fund 1MalaysiaDevelopment Berhad (1MDB).