U.S. authorities will this month return $200 million stolen from Malaysia's...
SINGAPORE - U.S. authorities will this month return $200 million stolen from Malaysia’s state fund 1MDB, including money from a stake in a luxury New York hotel and from a Hollywood movie producer, two sources with direct knowledge of the matter said.
The U.S. Department of Justice, in the biggest ever case in its anti-kleptocracy program, is pursuing billions of dollars it says were misappropriated from 1MDB, a state fund founded by former Malaysian prime minister Najib Razak. The tranche of money being returned by the U.S. includes $140 million from the sale of a stake in New York’s Park Lane Hotel, after it was given up by fugitive financier Low Taek Jho, known as Jho Low, the two sources said.
The sources said the remaining money is the $60 million from Red Granite Pictures, co-founded by Najib’s stepson Riza Aziz, which agreed in March 2018 to pay the U.S. government to settle a civil lawsuit over allegations 1MDB money was used to finance the film “Wolf of Wall Street”.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
In 24 Hours, This Airforce Officer Snagged Nearly $200 In Free Food With Priority PassAs active duty military, Justin Taylor knew he was entitled to a few perks when it came to travel. Committed to the financial independence and retire early (FIRE) movement, Taylor took that to a whole new level with airline lounges.
Read more »
Altice USA buys digital news start-up Cheddar for $200 millionAltice USA, the fourth-largest U.S. cable company, agreed to pay $200 million for news start-up Cheddar, an online channel that appeals to the younger audiences who are abandoning traditional TV.
Read more »
Here's why Altice USA just dropped $200 million on streaming video start-up CheddarAltice USA has agreed to buy Cheddar for $200 million, betting founder Jon Steinberg can continue to expand the company's news offerings.
Read more »
This Entrepreneur Went From 50 Investor Rejections To $200 Million In SalesThe founder of Thrive Market didn’t take the easy route to success. Instead of graduating from a great college and taking a safe job at a big name firm with a comfortable salary, he chose entrepreneurship.
Read more »
Cable TV company Altice USA is buying the streaming-news network Cheddar for $200 millionThe video-news startup founded by former BuzzFeed executive Jon Steinberg agreed to be acquired by telecom Altice USA for $200 million, the companies announced on Tuesday.
Read more »
Altice USA Buys Streaming-Video Network Cheddar for $200 MillionCable operator Altice USA agreed to acquire streaming-video network Cheddar for $200 million, a deal expected to raise the profile of the company’s news division.
Read more »
This Entrepreneur Went From 50 Investor Rejections To $200 Million In SalesThe founder of Thrive Market didn’t take the easy route to success. Instead of graduating from a great college and taking a safe job at a big name firm with a comfortable salary, he chose entrepreneurship.
Read more »
US fintech Divvy bags $200 million in venture capitalDivvy, a US-based fintech startup that helps businesses manage expenses, has secured a $200 million Series C round led by NEA.
Read more »
Kirsten Gillibrand’s “Democracy Dollars” could “dramatically alter” campaign finance by giving voters $200 each“Even if only a quarter [of] eligible voters participate, we are talking about enough money in a presidential race to replace all other forms of fundraising,' Kenneth Mayer, a campaign finance reform expert, told Newsweek.
Read more »
Gillette is selling a $200 luxury razor that heats up to 122 degreesGillette's newest razor doesn't come with an extra blade or better handle. Instead, the $200 razor heats up to give men the 'pleasure of a hot towel shave.'
Read more »
O'Rourke signs 'No Fossil Fuel Money' pledge, returns donationsBeto O’Rourke on Wednesday pledged not to accept campaign contributions of more than $200 from fossil fuel company executives
Read more »