Authorities Recover $1.3 Million USD Picasso Drawing Tied to 1MDB Scandal
The US Justice Department has announced that Federal authorities have obtained a Pablo Picasso drawing worth $1.3 million USD, which is believed to be linked to the 1MDB scandal – a major corruption case surrounding Malaysia’s sovereign wealth fund. Previously, Jasmine Loo Ai Swan, who used to work as the legal counsel for 1MDB, has agreed to relinquish both the Picasso artwork and a Swiss bank account holding approximately $1.8 million USD that contained misappropriated funds.