JOHOR BAHRU, Oct 31 -- Malaysia will now proceed to make a claim over 1Malaysia Development Berhad (1MDB) assets in the United States following a settlement by the United States Department of Justice (DoJ) involving the recovery of 1MDB assets.
Prime Minister Tun Dr Mahathir Mohamad said part of 1MDB money had been used by Jho Low to buy assets in America, estimated to be worth USD600 million.
“He (Jho Low) has now surrendered...not to contest against DoJ. Therefore, DoJ now holds and freezes the assets that were bought with Malaysian money.
“We had proof he (Jho Low) is using Malaysia’s money to buy the asset and we will now make a claim (over the IMDB assets) to the American government,” he told reporters after an official visit to Bangunan Sultan Iskandar Customs, Immigration and Quarantine Complex (BSI) here, today.
In a statement today, DoJ said it had reached a settlement to recover more than US$700 million worth of assets acquired by fugitive businessman Low Taek Jho, or Jho Low, and his family using funds allegedly misappropriated from 1MDB.....