September 06, 2017
The U.S. Department of Justice on Tuesday urged a California federal judge overseeing the government's bid to seize $1.7 billion worth of assets allegedly plundered from a Malaysian government fund to halt the forfeiture cases so its witnesses aren't endangered by the "broad, sweeping" discovery sought by the asset owners.
August 11, 2017
The U.S. Department of Justice is investigating "a large group of individuals and entities" tied to a $4.5 billion fraud on Malaysian sovereign wealth fund 1MDB, the agency said in its request to pause related civil forfeiture cases Thursday in California federal court.
February 22, 2017
A California federal judge on Tuesday approved a cooperation agreement between the government and investors involved in developing a midtown Manhattan hotel partly financed by allegedly embezzled money from a Malaysia sovereign wealth fund, rejecting objections to the pact that the parties say will save the venture from default.