May 07, 2020
The U.S. Department of Justice has secured a $49 million settlement in two of several forfeiture cases it has filed to recover billions of dollars siphoned out of Malaysia's sovereign wealth fund, 1Malaysia Development Bhd.
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.