US moves to seize $330m of alleged 1MDB assets held by UK law firm

[sl8]

Source: The Guardian

Department of Justice says money in Clyde & Co’s account allegedly linked to Malaysian fraud scandal

Harry Davies
Fri 18 Sep 2020 01.00 EDT Last modified on Fri 18 Sep 2020 01.46 EDT

The US Department of Justice (DoJ) has moved to seize $330m (£256m) held in the bank account of a major London law firm which prosecutors allege is derived from the proceeds of one of the world’s largest financial frauds.

The DoJ has filed civil forfeiture proceedings against funds held by City firm Clyde & Co, which prosecutors said they have traced to an “international conspiracy” that allegedly laundered money stolen from the Malaysian state investment fund 1MDB.





Read more: https://www.theguardian.com/world/2020/sep/18/us-moves-to-seize-330m-of-alleged-1mdb-assets-held-by-uk-law-firm

[marble falls]

1. So much for honor among thieves.

[llashram]

2. yeah, so trump, barr and the grifter family

can get their hands on another treasure trove.