Loo to return 1MDB assets

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Loo to return 1MDB assets
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KUALA LUMPUR: Millions in assets bought by Jasmine Loo Ai Swan using 1Malaysia Deve­lopment Bhd (1MDB) money will be returned, says Datuk Seri Ayob Khan Mydin Pitchay.

KUALA LUMPUR: Millions in assets bought by Jasmine Loo Ai Swan using 1Malaysia Development Bhd money will be returned, says Datuk Seri Ayob Khan Mydin Pitchay.

“Through River Dee, she received five transactions from several entities and companies amounting to US$16,074,975 ,” he told a press conference yesterday. The Deputy IGP said Loo had also signed a statutory declaration on Aug 23 this year, stating that she would return assets to 1MDB.Ayob said police were in the midst of completing the full seizure of several other assets linked to her, including two Pablo Picasso paintings and an apartment in London.

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