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1MDB Case Shines Spotlight on US 'Kleptocracy' Group

July 22,2016 12:11

In 2010, then-Attorney General Eric Holder announced a new “kleptocracy” initiative: Justice Department prosecutors would hunt down assets tied to foreign corruption, a way to target not just bribe-givers connected to the U.S., but also foreign ...and more »



In 2010, then-Attorney General Eric Holder announced a new “kleptocracy” initiative: Justice Department prosecutors would hunt down assets tied to foreign corruption, a way to target not just bribe-givers connected to the U.S., but also foreign government officials who took the bribes. The effort was modest at first—five lawyers and an expectation the group would target only former officials. But as Arab Spring protests toppled governments, and unrest in Ukraine and elsewhere prompted allegations that foreign leaders had...

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