18 Sep, 2020 02:00 am

CORRECTED-U.S. seeks to recover $300 mln more in 1MDB assets held in Britain

USA-DOJ/1MBD (CORRECTED):CORRECTED-U.S. seeks to recover $300 mln more in 1MDB assets held in Britain

Department of Justice is seeking to recover $300 million in additional assets allegedly associated with the multibillion-dollar 1MDB scandal, assets it has traced to an escrow account in the United Kingdom, the agency said on Wednesday.In a complaint filed in the Central District of California on Wednesday, the Justice Department said the $300 million was traceable to a line of credit extended by Venezuela's state oil company Petroleos de Venezuela S.The Justice Department said it was also seeking four dozen promotional movie posters that Riza Aziz, a Hollywood producer and Razak's stepson, acquired with more than $4 million in funds traceable to assets embezzled from 1MDB.Wednesday's complaint brings the total value of assets the United States has sought to recover in relation to the scandal to $2.

So far the United States has recovered or assisted Malaysia in recovering nearly $1.5 billion was stolen from 1MDB in an elaborate scheme that spanned the globe and implicated high-level officials in the fund, former Malaysian Prime Minister Najib Razak, executives at U.

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