US Says Over $3.5B Misappropriated From 1MDB

“The Malaysian people were defrauded on an enormous scale,” Deputy FBI Director Andrew McCabe reportedly said Wednesday. The seizure of 1MDB’s assets would be the largest ever by the department’s anticorruption division, the Wall Street Journal reported.

The United States has moved to confiscate luxury properties across affluent areas of New York and California as part of an investigation into Malaysian state-run fund 1Malaysia Development Berhad’s (1MDB) “misappropriate” finances, according to a court filing Wednesday by the Department of Justice. Most of the real estate has been linked to Malaysian Prime Minister Najib…

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