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U.S. acts to seize stolen assets, Picasso in probe of Malaysian fund

Reuters  |  WASHINGTON/KUALA LUMPUR 

By Joel Schectman and A. AnanthalakshmiWASHINGTON/KUALA LUMPUR (Reuters) - The U.S. Justice Department has taken legal action to recover an additional half a billion dollars in assets stolen from an investment fund established by Malaysia's prime minister, bringing the total claims to more than $1.7 billion.The assets include a Picasso painting given to actor Leonardo DiCaprio and the rights to two Hollywood films, the department said.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 ...

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First Published: Fri, June 16 2017. 20:52 IST
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