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US Set to Seize $1 Billion in Assets Tied to Malaysian Fund 1MDB

July 20,2016 13:16

Federal prosecutors are poised to launch one of the largest asset seizures in U.S. history as they step up their investigation into billions of dollars siphoned away from a Malaysian government investment fund, according to people familiar with the matter.



Federal prosecutors are poised to launch one of the largest asset seizures in U.S. history as they step up their investigation into billions of dollars siphoned away from a Malaysian government investment fund, according to people familiar with the matter. Authorities are expected to file civil lawsuits as soon as Wednesday morning seeking to seize more than $1 billion worth of assets, which are expected to include properties and...

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