Aug
10
Stolen 1MDB Funds Are Focus of U.S. Criminal Investigation
By-
Justice Department asks judge to put forfeiture cases on hold
-
Billions of dollars were allegedly looted from Malaysian fund
The U.S. is moving forward with a criminal investigation into money stolen from a Malaysian state investment fund that allegedly was used to acquire about $1.7 billion in real estate, art, jewelry and other assets.
Court filings by the Justice Department Thursday show the U.S. is escalating its probe in a worldwide effort to track how much of the money that was raised by 1Malaysia Development Bhd. was used to pay for luxury real estate in New York, London and Beverly Hills, AS film productions, private jets, yachts and more…
Stolen 1MDB Funds Are Focus of U.S. Criminal Investigation
