WASHINGTON: The U.S. Justice Department is close to a deal with fugitive financier Jho Low to recover almost US$1bil that was misappropriated from Malaysian investment fund 1MDB, Bloomberg reported on Wednesday, citing a source familiar with the matter.
Low faces charges in the United States and Malaysia over his alleged central role in the scandal at 1Malaysia Development Berhad (1MDB), which was founded by former Prime Minister Datuk Seri Najib Razak.
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