U.S. sues to seize $1b in assets tied to Malaysian state fund 1MDB

U.S. sues to seize $1b in assets tied to Malaysian state fund 1MDB

U.S. Attorney General Loretta E. Lynch announces the filing of civil forfeiture complaints seeking the forfeiture and recovery of more than $1 billion in assets associated with an international conspiracy to launder funds misappropriated from a Malaysian sovereign wealth fund 1MDB in Washington July 20, 2016. REUTERS/James Lawler Duggan

U.S. prosecutors sued on Wednesday to seize more than $1 billion in assets they said were tied to money stolen from the Malaysian state development fund, which was overseen by the prime minister, and used to finance “The Wolf of Wall Street” film and to buy property and works of art.

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