February 22, 2019

Civil forfeiture complaint filed by the DOJ in Malaysian sovereign wealth fund corruption case

The US Department of Justice has filed four civil forfeiture complaints in United States District Court for the Central District of California, seeking to recover approximately $38 million in assets allegedly connected with an international money laundering conspiracy involving the 1Malaysia Development Berhad (1MDB).  In earlier civil forfeiture complaints filed in  July 2016 and June 2017, the US has sought to recover over $500 million.  The complaints allege that over $4.5 billion was misappropriated by officials of 1MDB, a sovereign wealth fund, and persons associated with those officials.

DOJ press release | Complaint (NY real property) | Complaint (London real property) | Complaint (bank escrow)