US strikes deal to recover $1bn from 1MDB fugitive Jho Low
The deal would be the largest civil forfeiture yet concluded by the justice department, in a case that includes countries and top Wall Street firms
31 October 2019 - 17:02
New York/Kuala Lumpur — The US justice department has struck a deal to recoup $1bn in funds allegedly looted from a Malaysian state investment fund by fugitive financier Jho Low, in a record capture for a US anti-corruption probe.
US authorities say about $4.5bn were siphoned from the 1Malaysia Development Berhad (1MDB), founded in 2009 by then Malaysian prime minister Najib Razak...
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