WASHINGTON – US authorities on Thursday moved to seize another US$540 million in assets allegedly stolen in Malaysia’s multi-billion-dollar 1MDB fraud and used to fund extravagant spending, the Justice Department announced.
SUPERMODEL Miranda Kerr was showered in millions of dollars worth of diamonds by a billionaire Malaysian businessman, according to a new civil complaint filed by the US government.
Lies told by a Swiss national, who was jailed here this week over the 1Malaysia Development Berhad scandal, denied the authorities vital clues to Malaysian tycoon Jho Low’s alleged role in the saga.
LONDON – International investigators are examining funds sent by a former official of 1MDB, to a former senior Goldman Sachs Group Inc banker, the Wall Street Journal reports.
More than US$1 billion ($1.4 billion) was deposited in the bank accounts of Malaysia’s Prime Minister Najib Razak millions more than was previously identified, according to the Wall Street Journal, quoting unnamed people familiar with the matter.
He arrived from out of nowhere in 2009, a mysterious, geeky 28-year-old dropping ridiculous amounts of money all over the city.