WASHINGTON: US authorities on Thursday moved to seize another $540 million in assets allegedly stolen in Malaysia’s multibillion-dollar 1MDB fraud and used to fund extravagant spending, the Justice Department announced.
The move compounded court cases launched last year in which Washington sought to confiscate more than $1 billion allegedly embezzled by businessmen with political connections in Malaysia -- bringing the total amount US officials say was stolen to $4.5 billion.
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