Investor to get proceeds from real estate linked to 1MDB case

By Robert Thomason ( June 6, 2017, 21:28 GMT | Insight) -- A federal judge has approved a consent judgment in a 1MDB-related case involving a parcel of land in Beverly Hills, California, awarding most of the proceeds to a claimant who said he had purchased the property without any knowledge of the misappropriation alleged by the US Department of Justice. It represents the first resolution of a case in a complex package of 16 forfeiture actions seeking more than $1 billion from proceeds allegedly misappropriated from a Malaysian public investment fund.A federal judge has approved a consent judgment in a 1MDB-related case involving a parcel of land in Beverly Hills, California, awarding most of the proceeds to a claimant who said he had purchased the property without any knowledge of the misappropriation alleged by the US Department of Justice....

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Investor to get proceeds from real estate linked to 1MDB case

Prepare for tomorrow’s regulatory change, today

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