Advertisement
UK markets closed

  • FTSE 100

    8,213.49
    +41.34 (+0.51%)
     

  • FTSE 250

    20,164.54
    +112.24 (+0.56%)
     

  • AIM

    771.53
    +3.42 (+0.45%)
     

  • GBP/EUR

    1.1663
    +0.0011 (+0.09%)
     

  • GBP/USD

    1.2551
    +0.0004 (+0.03%)
     

  • Bitcoin GBP

    51,296.22
    +767.60 (+1.52%)
     

  • CMC Crypto 200

    1,372.28
    +59.66 (+4.54%)
     

  • S&P 500

    5,127.79
    +63.59 (+1.26%)
     

  • DOW

    38,675.68
    +449.98 (+1.18%)
     

  • CRUDE OIL

    78.60
    +0.49 (+0.63%)
     

  • GOLD FUTURES

    2,322.60
    +14.00 (+0.61%)
     

  • NIKKEI 225

    38,236.07
    -38.03 (-0.10%)
     

  • HANG SENG

    18,500.92
    +25.00 (+0.14%)
     

  • DAX

    18,001.60
    +105.10 (+0.59%)
     

  • CAC 40

    7,957.57
    +42.92 (+0.54%)
     
BRANDS:

Meet one of the UK’s largest unknown start-ups

Video editing platform Veed has grown to 10 million users

U.S. officials to discuss bid to recover $1 billion taken from Malaysian fund

Reuters

WASHINGTON (Reuters) - U.S. Attorney General Loretta Lynch will hold a news conference on Wednesday to discuss a civil forfeiture suit seeking to recover more than $1 billion linked to a conspiracy to launder money misappropriated from a Malaysian sovereign wealth fund.

The U.S. Justice Department said Lynch and other law enforcement officials would hold a news conference at 11:30 a.m. EDT/1530 GMT to announce the filing of civil forfeiture complaints seeking to recover more than $1 billion in assets.

The suit filed on Wednesday says the alleged offenses were committed over a four-year period and involved multiple individuals, including Malaysian officials and their associates, who conspired to fraudulently divert billions of dollars from 1MDB, a Malaysian sovereign wealth fund.

(Reporting by David Alexander; Editing by Eric Walsh)