US files suit to seize London penthouse, office bought with 1MDB cash, says WSJ

A Penang-born businessman allegedly used billions siphoned off from 1MDB to buy properties in London, New York and Los Angeles. – AFP pic, June 13, 2017.

THE US government has moved to seize a London penthouse it alleges was bought with funds from 1Malaysia Development Bhd, the Wall Street Journal reports.

Businessman Low Taek Jho, better known as Jho Low, used £77 million (RM416 million) from 1MDB to finance the purchase of the penthouse, office building and another flat on Stratton Street, the United States said.

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