US DOJ reaches agreement with Loo to recover Picasso artwork

The US Justice Department has reached an agreement with the former general counsel of 1MDB Jasmine Loo to recover artwork by Pablo Picasso and a financial account in Switzerland traced to funds allegedly embezzled from 1MDB.

Additionally, the department said it has obtained forfeiture orders on other assets allegedly purchased with 1MDB funds by fugitive businessperson Low Taek Jho (Jho Low), including diamond jewellery and artwork by Vincent Van Gogh, Claude Monet, Pablo Picasso, Jean-Michel Basquiat, and Diane Arbus...