“... In August 2017, the DOJ asked for a stay on its civil lawsuits seeking to seize more than US$1.7 billion in assets allegedly bought with stolen 1MDB funds because it was conducting a related criminal probe.
Among the assets sought were a US$250 million luxury yacht bought by Malaysian financier Jho Low, named as a key figure in the US lawsuits. The lawsuits claimed that Mr Low used proceeds diverted from 1MDB to procure Equanimity, which it described as a 300-foot yacht registered in the Cayman Islands.
Mr Low’s whereabouts are unknown and his Hong Kong company has not responded to requests for comment. ...”
DOJ report 2019: The Department of Justice has reached a settlement of its civil forfeiture cases against assets acquired by Low Taek Jho, aka Jho Low, and his family using funds allegedly misappropriated from 1Malaysia Development Berhad (1MDB), Malaysia’s investment development fund, and laundered through financial institutions..., including the USA, Switzerland, Singapore and Luxembourg. These assets, located in the USA, the UK and Switzerland, are estimated to be worth more than $700 million. With the conclusion of this settlement..., the United States will have recovered or assisted in the recovery of more than $1 billion in assets associated with the 1MDB international money laundering and bribery scheme. This represents the largest recovery to date under the Department’s Kleptocracy Asset Recovery Initiative and the largest civil forfeiture ever concluded by the Justice Department.
“As alleged in the complaints, Jho Low and others, including officials in Malaysia and the United Arab Emirates, engaged in a brazen multi-year conspiracy to launder money embezzled or otherwise misappropriated from 1MDB....