Four prized paintings tied to the misappropriation of 1Malaysia Development Berhad (1MDB) funds, including a Picasso piece estimated to be worth at least US$5,000, will be returned to Malaysia \u2013 with their arrival expected on Apr 6.<\/p>\n
The artworks were once owned by former 1MDB lead counsel Jasmine Loo Ai Swan,\u00a0a close associate of\u00a0fugitive businessman Low Taek Jho, better known as Jho Low.\u00a0<\/p>\n
Other assets previously seized from Loo include luxury watches and high-end condominiums in London, the United States and Switzerland\u00a0back in 2023.<\/p>\n
\u201cThese are (Loo\u2019s) paintings that were held at Sotheby\u2019s Auction House,\u201d\u00a0Malaysia\u2019s Anti-Corruption Commission (MACC) chief Azam Baki\u00a0told the Malay Mail news outlet on Wednesday (Apr 1).\u00a0<\/p>\n
The seized paintings\u2019 links to\u00a01MDB were also confirmed by officials from the US Department of Justice (DOJ) in Washington, Azam said\u201cAnother seven paintings remain under the custody of the renowned auction house Christie\u2019s,\u201d he added.<\/p>\n
The process of retrieving the paintings was the result of official cooperation between MACC and US officials including the Federal Bureau of Investigation (FBI) and the DOJ.\u00a0<\/p>\n
CNA<\/p>\n
\n\tRelated<\/p>\n","protected":false},"excerpt":{"rendered":"Four prized paintings tied to the misappropriation of 1Malaysia Development Berhad (1MDB) funds, including a Picasso piece estimated…\n","protected":false},"author":2,"featured_media":376703,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[307,304,305,306,308,93,61,60],"class_list":["post-376702","post","type-post","status-publish","format-standard","has-post-thumbnail","category-arts-and-design","tag-arts","tag-arts-and-design","tag-artsanddesign","tag-artsdesign","tag-design","tag-entertainment","tag-ie","tag-ireland"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/376702","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=376702"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/376702\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/376703"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=376702"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=376702"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=376702"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}