Saudi businessman tests US jurisdiction over 1MDB-linked asset

The U.S. claims the 1MDB money was laundered through shell companies with bank accounts in the U.S. and abroad.

LOS ANGELES: Federal prosecutors in Los Angeles have been working for three years to recover assets around the world that were allegedly acquired with billions of dollars stolen from Malaysia’s 1MDB fund by people associated with former prime minister Datuk Seri Najib Razak.

But the question whether the civil forfeiture lawsuits for overseas assets, acquired by foreigners with Malaysian money, actually belong in a Southern California courtroom has yet to be resolved.