It is unclear what the money was spent on, and the Malaysian Attorney-General has asserted that US$620m was returned. By Matt ZapotoskyUS prosecutors are seeking to seize New York City penthouses, Hollywood and Beverly Hills mansions, a private jet and even some future proceeds from the award-winning movie The Wolf of Wall Street in a forfeiture case that alleges a breathtaking level of fraud surrounding a Malaysian-government investment fund. Asked about the matter, Lynch said Malaysia "does continue to be an ally of ours," particularly on counter-terrorism matters. Since the scandal broke in Malaysia, Najib has called the issue an "unnecessary distraction" and asserted that no crime was committed. "Unfortunately, sadly, tragically, a number of corrupt 1MDB officials treated this public trust as a personal bank account," US Attorney General Loretta Lynch said.

Source: New Zealand Herald July 21, 2016 02:37 UTC