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U.S. acts to seize stolen assets, Picasso in probe of 1MDB

Reuters  |  WASHINGTON 

By Joel SchectmanWASHINGTON (Reuters) - The Justice Department took legal action on Thursday to recover about $540 million in assets that authorities say were stolen by financiers associated with a sovereign wealth fund established by Malaysia's prime minister, including a Picasso painting that was given to actor Leonardo DiCaprio and the rights to two Hollywood films.The filing in U.S. District Court in Los Angeles was the Justice Department's latest step in a long-running case over an alleged conspiracy to launder money misappropriated from the 1Malaysia Development Berhad fund, known as ...

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First Published: Fri, June 16 2017. 12:12 IST