13.05.2016 - 1MDB cash linked to property deals
At least $US50 million allegedly diverted from a state investment fund in Malaysia was spent on luxury properties in New York and Los Angeles by the stepson of the Malaysian prime minister, according to documents reviewed by The Wall Street Journal and people familiar with the matter. Riza Aziz, a film producer and stepson of Malaysian leader Najib Razak, used money that originated from the 1Malaysia Development Bhd fund to acquire a 7,700-square-foot, $US33.5 million duplex in the Park Laurel condominium tower overlooking New York’s Central Park, the documents and people said...............................................Full Article: Source
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