Malaysia has confirmed that the United States has returned to it an additional 300 million dollars in funds looted over the years from a Malaysian sovereign fund after it was laundered and pumped into the global banking system, in the context of what was described as the largest corruption scandal in the world, and previous investigations revealed links to UAE and Saudi authorities It out.

Malaysian Prime Minister Mohiuddin Yassin said today, Wednesday, in a statement that the new batch of looted money that Washington returned to his country is the result of a settlement concluded by the fleeing Malaysian businessman, Joe Lu, in the American city of Los Angeles. 

Yassin added that "Joe" reached a settlement with the US Department of Justice related to several cases of confiscation of assets he purchased using the funds of the Malaysian Fund.

On Tuesday, the US Department of Justice announced the return of the value of the settlement concluded by Joe to Malaysia, and said that the total amount of looted money that she had returned so far to the Malaysian authorities exceeded $ 600 million.

And fleeing businessman Joe Lu is one of the main implicates in the scandal, who looted the funds of the Malaysian government investment fund "WDP" alongside former Malaysian Prime Minister Najib Abdul Razzaq, and despite the settlements that Joe made in the United States, he still faces criminal cases there. .

US investigators say that at least $ 4.5 billion was stolen from the fund, and was laundered by Naguib Abdul-Razzaq and his associates in the case.

It is noteworthy that Abdul-Razzaq is being tried for embezzlement of $ 700 million from the Development Fund, which he established himself in 2009, and the former Prime Minister had claimed that he obtained these funds as gifts from Saudi Arabia.

An investigation entitled "The Looted Riches" broadcast by Al-Jazeera last September revealed several parties involved in the Malaysian Development Fund scandal, including the Emirati ambassador to Washington Yusef Al-Otaiba and Saudi businessman Tariq Obaid, in addition to Naguib Abdul-Razzaq and Joe Lu.