Civil case
United States v. assets traceable to 1MDB (in rem)
- Authority
- US District Court for the Central District of California
- Case number
- Not published on the releases we read
- Filed or opened
- 20 July 2016
- Organization
- 1Malaysia Development Berhad
- Current stage
- Low related assets resolved by the October 2019 settlementS3
- Outcome
- Settlement to forfeit assets worth more than US$700 million, described as the largest civil forfeiture ever concluded by the departmentS3
Decisions and steps
Claims this case bears on
- Supported84The US Department of Justice said in July 2016 that it was seeking to recover more than US$1 billion in assets it alleged were traceable to the misappropriation of more than US$3.5 billion from 1MDB.Regulator statement, 20 July 20163 records citedMoney laundering
- Partly supported62The Edge Malaysia reported that Jho Low, in a statement of defence, said the October 2019 settlement with the US Department of Justice did not constitute an admission of guilt or any wrongdoing.Press report, 28 January (year not shown on page)4 records citedMoney laundering
Sources
- S1Tier A United States Seeks to Recover More Than $1 Billion Obtained from Corruption Involving Malaysian Sovereign Wealth FundUS Department of Justice, Office of Public Affairs. Government press release. 20 July 2016.DOJ press release on the July 2016 civil forfeiture complaints. Supports the amount sought and the misappropriation figure. These are allegations, not findings.
- S3Tier A United States Reaches Settlement to Recover More Than $700 Million in Assets Allegedly Traceable to Corruption Involving Malaysian Sovereign Wealth FundUS Department of Justice, Office of Public Affairs. Government press release. 30 October 2019.DOJ release on the 30 October 2019 settlement to forfeit assets worth more than US$700 million. Supports that the civil case is not a criminal finding and that charges remain open.