U.S. to Return $200 Million 1MDB-Linked Funds to Malaysia
- Money is from Park Lane sale, Wolf of Wall Street settlement
- Malaysia has sought help from other countries on 1MDB funds
This article is for subscribers only.
U.S. authorities are preparing to return about $200 million of funds allegedly misappropriated from troubled state fund 1MDB to Malaysia, according to people familiar with the matter.
The total includes about $140 million from the sale of a stake in New York’s Park Lane Hotel and some $60 million from a settlement paid by the producer of the “Wolf of Wall Street” movie, said two of the people, who asked not to be named as the details are private. The transfer could happen as soon as next week, they said.