The United States Department of Justice (DOJ) has recovered US$60 million (RM249 million) after reaching a settlement of its civil forfeiture cases against assets acquired by Riza Aziz utilising funds allegedly embezzled from 1MDB.

The funds were laundered through financial institutions in the United States, Switzerland, Singapore and Luxembourg.

"These assets are estimated to be worth more than US$60 million and with the conclusion of this settlement, together with the prior disposition of other related forfeiture cases, the United States will have recovered or assisted in the recovery of nearly US$1.1 billion (RM4.6 billion) in assets associated with the 1MDB international money laundering and bribery scheme," said the DOJ in a statement.

The assets being forfeited subject to this settlement are in addition to the more than US$1 billion in assets the US previously forfeited in connection with the...