Latest news and articles about 1MDB from NEX English
Kuala Lumpur, April 6 — Authorities have identified assets exceeding <strong>150 million Malaysian ringgit</strong> (approximately <strong>35 million USD</strong>) linked to former <strong>1Malaysia Development Berhad</strong> (1MDB) lawyer <strong>Jasmine Loo</strong> in Switzerland. The assets include famous artworks valued at over <strong>30 million USD</strong>.
Malaysian authorities confirmed the sale of a famous painting by Claude Monet linked to the 1Malaysia Development Bhd (1MDB) case for €25.22 million. The proceeds from the sale will return to the Malaysian government as part of asset recovery efforts.
Malaysian authorities announced the recovery of four valuable paintings associated with the 1Malaysia Development Berhad (1MDB) embezzlement case, expected to arrive on April 6. The artworks include pieces by renowned artists such as Pablo Picasso and Joan Miró.
Malaysian authorities announced the arrival of four artworks linked to the 1Malaysia Development Berhad scandal, valued at over $30 million. Details of their arrival were withheld for security reasons.
Malaysia is set to welcome four valuable artworks, including a piece by renowned artist <strong>Pablo Picasso</strong>, on April 6. This initiative is part of the government's efforts to recover assets associated with the <strong>1Malaysia Development Berhad (1MDB)</strong> scandal in collaboration with the United States.
A Kuala Lumpur High Court has ordered former Malaysian Prime Minister <strong>Najib Razak</strong> to pay <strong>$1.3 billion</strong> to a former unit of the <strong>1MDB</strong> fund due to losses incurred by <strong>SRC International</strong>. This ruling comes as Najib faces prison sentences on corruption charges.