The US Department of Justice is seeking to recover US$300 million in additional assets allegedly associated with the multibillion-dollar 1MDB scandal, assets it has traced to an escrow account in the United Kingdom, the agency said on Wednesday.
In a complaint filed in the Central District of California on Wednesday, the Justice Department said the US$300 million was traceable to a line of credit extended by Venezuela’s state oil company Petroleos de Venezuela S.A. to Saudi’s PetroSaudi Oil Services in connection with an oil-drilling venture.
The Justice Department said it was also seeking four dozen promotional movie posters that Riza Aziz, a Hollywood producer and Razak’s stepson, acquired with more than US$4 million in funds traceable to assets embezzled from 1MDB.
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