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Thursday, 15 June 2017

1MDB Loot Included Picasso, ‘Dumb and Dumber To,’ U.S. Says - Bloomberg

1MDB Loot Included Picasso, ‘Dumb and Dumber To,’ U.S. Says - Bloomberg:

"The U.S. Justice Department is seeking to recover $540 million in assets -- including art works, jewelry and film rights -- that it says were purchased with funds misappropriated from Malaysia’s 1MDB wealth fund. It’s the latest attempt by the U.S. government to seize assets linked to the tainted fund, bringing the total sought by the Justice Department to $1.8 billion. From 2009 through 2015, more than $4.5 billion belonging to 1Malaysia Development Bhd was diverted by high-level officials of the fund and their associates, according to complaints filed Thursday in the Central District of California."



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