Singapore — US authorities this month will return $200m stolen from Malaysia’s state fund 1MDB, including money from a stake in a luxury New York hotel and from a Hollywood movie producer, two sources with direct knowledge of the matter said. The US department of justice, in the biggest ever case in its anti-kleptocracy programme, is pursuing billions of dollars it says were misappropriated from 1MDB, a state fund founded by former Malaysian prime minister Najib Razak. Prime Minister Mahathir Mohamad, who defeated Najib in a shock election result last year, is working with at least six countries to recover about $4.5bn it says was stolen from 1MDB. The tranche of money being returned by the US includes $140m from the sale of a stake in New York’s Park Lane Hotel, after it was given up by fugitive financier Low Taek Jho, known as Jho Low, the two sources said. Jho Low, the alleged mastermind behind the looting of 1MDB, is wanted by the Malaysian authorities to face criminal charges. ...

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