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National News Desk

US returns $300 million in stolen funds to Malaysia

April 14, 2020 5:49PM AKDT
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LOS ANGELES (AP) — The U.S. has returned $300 million to Malaysia that prosecutors say was stolen in a multibillion-dollar corruption scheme. The U.S. Department of Justice says the money comes from assets forfeited last year by a financier, Jho Low, in a Los Angeles federal settlement. The assets included a Manhattan penthouse, a Beverly Hills mansion, a boutique hotel, a luxury jet and paintings by Van Gogh and Monet. Low also is a fugitive from criminal charges filed in New York. Prosecutors allege he masterminded misappropriations of billions from a Malaysian state development fund. He’s accused of bribery and money laundering.


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