Malaysia aims to locate further $4.3 billion in 1MDB-linked assets

Malaysia aims to locate further $4.34 billion in 1MDB-linked assets

KUALA LUMPUR - Malaysia is working to locate at least $4.3 billion in assets that have yet to be accounted for in a global money laundering probe into state fund 1MDB, its anti-corruption chief said on Tuesday.

The United States struck a deal last week to recover about $700 million more from fugitive financier Jho Low, who has played a central role in the scandal. He had previously forfeited a $126 million yacht and $140 million in other assets. She declined to give further details on the assets sought or the countries involved, citing pending investigations.

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