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US moves to seize AU$1.3 billion in Malaysian fund's assets

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Attorney General Loretta Lynch, FBI Deputy Director Andrew McCabe and IRS Criminal Division Chief Richard Weber

Attorney General Loretta Lynch, FBI Deputy Director Andrew McCabe and IRS Criminal Division Chief Richard Weber Source: AAP

The United States Justice Department has moved to seize more than AU$1.3 billion of assets from a Malaysian state-funded company set up by Malaysia's Prime Minister, Najib Razak.

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By Omar Dabbagh, Mai Hoa

Source: SBS

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The United States Justice Department has moved to seize more than AU$1.3 billion of assets from a Malaysian state-funded company set up by Malaysia's Prime Minister, Najib Razak.

US federal prosecutors say the assets are tied to international public corruption and a global conspiracy.

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