US seeks to recover more assets stolen from Malaysian fund

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WASHINGTON (AP) – The U.S. Justice Department is seeking to recover $540 million in assets it says were stolen from Malaysia’s troubled wealth fund.

The move is the latest effort to seize luxury property, art and other ill-gotten assets linked to fraud at the government-controlled fund.

It is the latest development in a complex money laundering scheme the Justice Department says was intended to enrich top-level officials of the fund. Last summer, prosecutors moved to recover more than $1 billion that federal officials say was stolen from the fund that promotes development projects in the Asian nation.

Thursday’s suit seeks a yacht, rights to the movie “Dumb and Dumber To,” artwork by Picasso and millions of dollars of jewelry.

The Justice Department says more than $4.5 billion has been stolen from the fund.

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