U.S. Seeks to Seize $1 Billion Assets Tied to 1MDB, NYT Says

Updated on
  • Asset seizure may be largest confiscation by Justice Dept
  • 1MDB at center of global probes into alleged money laundering
Photographer: Goh Seng Chong/Bloomberg

U.S. federal prosecutors plan to seek permission as early as Wednesday to seize more than $1 billion in assets purchased with money allegedly misappropriated from a Malaysian state investment company, the New York Times reported.

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