US seeks to recover another US$96m in 1MDB-associated assets

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US seeks to recover another US$96m in 1MDB-associated assets
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WASHINGTON, DC: The US Department of Justice on Wednesday (Jul 1) said it was seeking forfeiture of another US$96 million in assets allegedly ...

WASHINGTON, DC: The US Department of Justice on Wednesday said it was seeking forfeiture of another US$96 million in assets allegedly associated with the 1Malaysia Development Berhad international money-laundering conspiracy.

The United States is seeking to reclaim assets including luxury real estate in Paris and artwork by Claude Monet and Andy Warhol it charges were tied to the embezzlement of 1MDB fund by Malaysian officials, the DOJ said in a statement.So far, the agency has recovered or assisted Malaysia in recovering nearly US$1.1 billion in assets related to the scheme.

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