In the latest effort to help Malaysia get back stolen 1MDB money, US Department of Justice hits a deal to recover US$1.8m worth of assets under former 1MDB lawyer Jasmine...
US DoJ makes deal with Jasmine Loo to get back RM8.4m worth of Picasso artwork, Swiss funds linked to 1MDB
The US$1.8 million Loo assets together with the US’s recent seizure of assets which Jho Low bought are worth a collective US$85 million. “The collective value of these assets, together with the Loo assets, is estimated to be nearly $85 million,” it said. . The US DoJ said over US$4.5 billion of 1MDB’s money were allegedly misappropriated from 2009 to 2015 by 1MDB officials and their associates including Low and Loo through a criminal conspiracy involving international money laundering and bribery, and that it had filed civil forfeiture cases to get back assets allegedly bought by Low and his co-conspirators using money allegedly stolen from 1MDB.
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