U.S. prosecutors are seeking to sell three luxury homes linked to the stepson of...
KUALA LUMPUR - U.S. prosecutors are seeking to sell three luxury homes linked to the stepson of former Malaysian prime minister Najib Razak, court documents showed, in the latest effort to recover money allegedly stolen from Malaysian fund 1MDB.
Since 2016, the U.S. Department of Justice has filed forfeiture lawsuits on about $1.7 billion in assets allegedly bought with stolen 1MDB funds, including a private jet, luxury real estate and jewelry. The properties include a 23.2 million pound London townhouse, a $17.5 million home in Beverly Hills, and a $35.5 million condominium in New York allegedly purchased by Najib’s stepson Riza Aziz using funds diverted from 1MDB.
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