The alleged organizer of the multi-billion dollar corruption scheme in Malaysia entered into an agreement with the US government for $ 700 million on the closure of judicial proceedings against him.
On Wednesday, the U.S. Department of justice announced the settlement of the case on the confiscation of property and assets acquired by the financier Joe low (But Low) and his family at the expense of the allegedly misappropriated funds from the Malaysian Fund.
The Ministry of justice believes that Lowe and other high-ranking officials stole $ 4.5 billion and invested in new York apartments, hotels, yachts and aircraft, and also used for the financing of the film “the Wolf of wall street” with Leonardo DiCaprio and gifts for Paris Hilton.
The scandal also touched on former Prime Minister of Malaysia Najib Razak, who was also accused of disatifaction corruption. His process in Malaysia continues, and he pleaded not guilty.