Asia
Malaysia’s anti-graft agency vows to recover more high-value art bought with 1MDB scandal funds
KUALA LUMPUR: Malaysia’s anti-graft agency vowed on Wednesday (May 6) to recover more high-value artwork linked to the multibillion-dollar 1MDB scandal after putting four recently retrieved works on display at its headquarters. The Malaysian Anti-Corruption Commission (MACC) successfully repatriated four pieces of artwork last month, including a 1961 Pablo Picasso print, as part of ongoing efforts to recover more than US$4.5 billion siphoned from the 1Malaysia Development Berhad state fund between 2009 and 2014 in a complex, globe-spanning scheme.US investigators have said the funds, allegedly misappropriated by high-level 1MDB officials and their associates, were used to buy everything from luxury hotels to…
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