Some US$140 million from the sale of the Park Lane hotel in New York will be returned to Malaysia.
The total includes about US$140 million from the sale of a stake in New York’s Park Lane Hotel and some US$60 million from a settlement paid by the producer of the “Wolf of Wall Street” movie, said two of the people, who asked not to be named as the details are private.Prime Minister Dr Mahathir Mohamad has reached out to countries from Switzerland to Singapore for help in tracking and recouping the US$4.5 billion believed to have been siphoned from 1MDB.
Malaysia pulled in US$126 million last month from the sale of a superyacht once owned by Jho Low, the fugitive financier who has been painted as the mastermind behind the scandal. The US$140 million stake in the Park Lane hotel, which sits on Central Park South, was sold in February after Low agreed to drop his claims on the property.
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