U.S. DOJ recovers over $6M in 1MDB-linked assets, securing forfeiture of a luxury New York apartment and rental income purchased with misappropriated Malaysian sovereign wealth fund proceeds

US DOJ has obtained a civil forfeiture order over assets allegedly bought with funds misappropriated from Malaysia’s 1MDB sovereign wealth fund, including a New York condominium used for the benefit of Jho Low’s former personal assistant and related rental income. DOJ frames the recovery as part of its wider effort to trace and return proceeds of foreign corruption laundered through the U.S. financial system, supported by the FBI and international partners across Malaysia, the UK, Singapore, Switzerland, Luxembourg, Indonesia, Latvia and France…