US settles with alleged 1MDB mastermind Jho Low for $700 million

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The alleged mastermind of a multibillion dollar corruption scandal that rocked Malaysia has struck a $700 million deal with the US government to end a legal case against him. The settlement of the civil forfeiture case against assets acquired by financier Jho Low and his family using funds allegedly misappropriated from Malaysia's 1MDB fund was announced by the US Department of Justice on Wednesday. The...

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