Stolen 1MDB Funds Are Focus of U.S. Criminal Investigation
- Justice Department asks judge to put forfeiture cases on hold
- Billions of dollars were allegedly looted from Malaysian fund
1MDB Missed $603M Payment to IPIC
This article is for subscribers only.
Start your day with what's moving markets in Asia. Sign up here to receive our newsletter.
The U.S. is moving forward with a criminal investigation into money stolen from a Malaysian state investment fund that allegedly was used to acquire about $1.7 billion in real estate, art, jewelry and other assets.