The Justice Department announced today the filing of civil forfeiture complaints seeking the forfeiture and recovery of approximately $38 million in assets allegedly associated with an international conspiracy to launder funds misappropriated from 1Malaysia Development Berhad (1MDB), a Malaysian sovereign wealth fund.  Combined with civil forfeiture complaints filed in July 2016 seeking more than $1 […]

The DOJ has alleged in a civil forfeiture complaint Wednesday that officials at Malaysia’s sovereign wealth fund 1MDB and the step son of the Malaysia prime minister diverted more than $3.5 billion from the fund. http://bit.ly/2ahwHY5 The DOJ say, They laundered the money through a series of complex transactions and fraudulent shell companies with bank […]