Picasso, Miró Art Among Latest 1MDB Assets Recovered by Malaysia

Malaysia’s Anti-Corruption Commission Chief Commissioner Azam Baki speaks in front of artworks by Maurice Utrillo, Pablo Picasso, Joan Miro and Balthus linked to 1MDB asset recovery at the MACC headquarters in Putrajaya, on May 6.Photographer: Mohd Rasfan/AFP/Getty Images

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By Kok Leong Chan and Netty Idayu Ismail

May 6, 2026 at 6:00 AM UTC

Malaysia has repatriated four artworks allegedly bought with money siphoned from state fund 1MDB, including works by Pablo Picasso and Joan Miró, as authorities press on with efforts to retrieve assets linked to one of the world’s biggest financial scandals.

The artworks, which also include pieces by Maurice Utrillo and Balthus, were acquired by Jasmine Loo, a former lawyer for 1MDB, according to Malaysian Anti-Corruption Commission Chief Commissioner Azam Baki. The paintings, with a combined value of $198,125, will be handed over to Malaysia’s National Art Gallery, he said Wednesday.