DOJ wants more consistency, accountability for how big tech moderates platforms
The House Intelligence Committee is holding another hearing Thursday focused on big tech and election security. FOX Business’ Hillary Vaughn with more.
The U.S. Department of Justice on Wednesday said it was looking to recover another $96 million in assets in real estate and artwork linked to the 1Malaysia Development Berhad (1MDB) international money-laundering conspiracy.
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The assets include luxury real estate in Paris and paintings by Claude Monet and Andy Warhol linked to the embezzlement of the 1MDB fund by Malaysian officials, the Justice Department said in a statement.
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The agency has so far recovered or assisted Malaysia in recovering nearly $1.1 billion in assets related to the alleged scheme.
The Malaysian government set up the 1MDB fund in 2009. U.S. officials have estimated that $4.5 billion was siphoned out of Malaysia by high-level fund officials and associates between 2009 and 2014, in a scandal that has also embroiled Goldman Sachs Group Inc (GS.N).
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In October, the U.S. Justice Department announced its largest ever anti-kleptocracy deal, in which fugitive Malaysian financier Low Taek Jho, or Jho Low, agreed to turn over $700 million in assets.
Low has denied wrongdoing.
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