How much did Solar Shine Sdn Bhd receive from 1MDB funds?

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Solar Shine Sdn Bhd Received RM134 Million from 1MDB Funds

Solar Shine Sdn Bhd received a total of RM134 million from 1Malaysia Development Berhad (1MDB) funds. This amount represents the highest sum disbursed to an entity among those identified by the Malaysian Anti-Corruption Commission (MACC) in its recent actions concerning 1MDB funds. The MACC has issued compound notices to 80 individuals and entities believed to have received RM500,000 or more from the scandal-plagued sovereign wealth fund.
Compound Notices Issued for Significant Sums

The Malaysian Anti-Corruption Commission (MACC) has issued compound notices to 80 individuals and entities that are believed to have received RM500,000 and above from 1MDB funds. This action is part of a structured approach to recover the misappropriated funds, with the commission prioritising larger sums for these initial notices. The MACC chief commissioner, Latheefa Koya, stated that the approach is orderly and staged, without favouring any party.
Legal Basis for Recovery Efforts

These compound notices have been issued under Section 92(1) of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (AMLATFPUAA 2001). This legal framework empowers the MACC to pursue the recovery of assets linked to unlawful activities, including those stemming from the 1MDB scandal. The recipients of these notices have been given a two-week period to return the funds they obtained.
Highest Individual Recipient Identified

Beyond Solar Shine Sdn Bhd, the individual who received the largest sum from 1MDB funds was identified as Datuk Seri Nazir Razak, former chairman of CIMB. He received RM25.7 million. Nazir Razak is the brother of former prime minister Datuk Seri Najib Razak, who himself faces numerous charges related to the 1MDB scandal.

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How much did Solar Shine Sdn Bhd receive from 1MDB funds?

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