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US Moves to Seize Assets Allegedly Bought with Stolen Malaysian Funds

The United States is trying to seize more than a billion dollars’ worth of luxury real estate, artwork and jewelry that authorities allege was bought with assets stolen from a Malaysian state fund. The U.S. Justice Department filed lawsuits in Los Angeles claiming officials close to embattled Prime Minister Najib Razak diverted more than $3.5 billion from the fund from 2009 to 2013, using money intended for economic development projects in the southeast Asian country to buy the U.S....

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