KUALA LUMPUR: The United States has reached a settlement to recover more than US$49 million (RM212 million) involving Malaysian sovereign wealth fund ...
The United States has reached a settlement to recover more than US$49 million involving Malaysian sovereign wealth fund 1MDB, the Department of Justice said.
The DOJ said in a statement dated May 6 it has settled its civil forfeiture cases against assets acquired by Khadem al-Qubaisi using funds allegedly misappropriated from 1MDB and laundered through financial institutions in several jurisdictions, including the United States, Switzerland, Singapore and Luxembourg. —
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