US set to seize assets tied to scandal-hit Malaysian fund 1MDB

US set to seize assets tied to scandal-hit Malaysian fund 1MDB

The 1MDB sign as seen through a car. Photo: Bloomberg TV

U.S. federal prosecutors are set to file civil lawsuits seeking to seize assets linked to scandal-hit Malaysian state fund 1Malaysia Development Berhad (1MDB), the Wall Street Journal reported on Wednesday citing unnamed sources.

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