Country of Asset Location
United States
Other Jurisdictions Involved
Malaysia
Disposition of Criminal Case(s)
At time of reporting (2021), there was an ongoing investigation/prosecution related to this case in the country of origin (Malaysia) and the country of asset location (the United States).
Public Official(s) involved or allegedly involved
Action Initiating Asset Recovery
By an MLA request from the country of origin
By domestic investigation by law enforcement authorities (independent from foreign request)
Stage of Asset Recovery
Assets frozen/seized
Legal Basis for Asset Recovery in the country of asset location
Non-conviction based confiscation (NCB)
Legal Basis for International Cooperation
Bilateral Mutual Legal Assistance Treaty
Notes
The United States was the country that initiated legal action to recover proceeds of corruption.
The asset freeze/seizure was approx. $500 million still restrained pending confiscation (at time of reporting in 2021).
The asset freezing/seizure order was under the jurisdiction of the United States (Central District of California). The enforcement order varied between 2016 to 2021 under the jurisdiction of the United States (Central District of California).
At time of reporting (2021), the assets were still frozen.
Assets Frozen/Seized
#1
Assets frozen/seized
500,000,000.00 USD
Assets frozen/seized (USD equivalent)
$500,000,000.00
Date of freeze/seizure
2016 - 2021
Asset Type at Time of Freeze/Seizure
Real estate
Artwork
Jewelry
USD Conversion date
December 2023
Date and Country of Case Submission
January 30, 2021
United States
Data Source
Official information provided by country authorities