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Low strikes deal with DoJ

KUALA LUMPUR: The United States Department of Justice (DoJ) has reached a settlement to recover assets worth more than US$700mil (RM2.92bil) acquired by fugitive businessman Low Taek Jho, or Jho Low, and his family using funds allegedly misappropriated from 1Malaysia Development Bhd (1MDB).In a statement, the DoJ said the assets are located in the United States, the United Kingdom and Switzerland.

Oil execs plead guilty in bribery scheme - U.S. Justice Dept

WASHINGTON (Reuters) - The former top executives of a Monaco-based intermediary oil company have pleaded guilty for their roles in a bribery scheme involving multiple countries, the U.S. Justice Department said on Wednesday.