Suits targeting those who allegedly siphoned off 1MDB funds


PETALING JAYA: The civil suits by the US Department of Justice are seeking to seize US$1bil (RM4.02bil) worth of assets allegedly obtained using funds siphoned from 1Malaysia Development Bhd (1MDB).

The lawsuits filed on Wednesday are seeking to recover assets belonging to several high-profile individuals closely linked to the state investment arm that was set up in 2009.

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