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Articles Posted in 1Malaysia Development Bhd.

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US DOJ Sues for Assets That May Have Been Stolen from 1MDB Fund

Prosecutors in the US have filed lawsuits to seize assets that may be connected to an alleged financial fraud involving the 1Malaysia Development Bhd. (1MDB), which is a Malaysian state fund. The Justice Department is looking to recover $540M in property, assets, and other items. 1MDB was launched by Malaysian…

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