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Thu 21 Jul 2016 12:46 PM

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Video: US goes after $1bn in assets from Malaysia's 1MDB

The US Justice Department has moved to seize a billion dollars worth of assets allegedly embezzled from Malaysia's state fund.

The fund was overseen by prime minister Najib Razak and set up for development projects. But lawsuits filed in Los Angeles say billions of dollars were fraudulently diverted away from the fund between 2009 and 2013.

(Al Jazeera English YouTube channel)