From 2009 through 2015, more than US$4.5 billion in funds belonging to 1MDB was allegedly misappropriated by high-level officials of 1MDB and their associates, according to a 251-page document filed Thursday in the Central District of California.
SINGAPORE (June 16): The US Department of Justice (DoJ) on Thursday filed its third lawsuit to seize an additional US$540 million ($747 million) worth of assets linked to corruption involving Malaysian sovereign wealth fund 1Malaysia Development Bhd (1MDB).
Together with two earlier civil forfeiture complaints – one filed last week and the other in July 2016 – US authorities are now seeking to recover a total of US$1.7 billion worth of assets that it says were purchased with funds siphoned from 1MDB.
