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US judge approves forfeiture of diamonds gifted by 1MDB-linked Malaysian financier to his mother

( July 22, 2024, 22:05 GMT | Official Statement) -- MLex Summary: US District Judge Dale Fischer approved the forfeiture of a matching diamond ring and diamond earrings set bought by Jho Low, a former Malaysian financier, as a gift for his mother using funds diverted from bonds issued by the sovereign wealth fund 1MDB. The jewelry was worth about $1.7 million at the time of the purchase, according to the complaint. See document below....

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