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US agrees on $1 billion 1MDB recovery deal with Malaysia’s Jho Low

US agrees on $1 billion 1MDB recovery deal with Malaysia’s Jho Low

The US DOJ on Wednesday struck a deal to recoup $1 billion in funds allegedly looted from a Malaysian state investment fund 1MBD by fugitive financier Jho Low. Since 2016, the DOJ has filed civil lawsuits seeking to seize about $1.7 billion in assets allegedly bought with stolen 1MDB funds. Low faces charges in both the United States and Malaysia over his central role in the scandal.

Timothy
Timothy
porcus
porcus 1 year

Wow. Used billions of dollars to make tens of millions of dollars... Quite the underachiever it sounds like.

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