The U.S Department of Justice (DOJ) has filed civil forfeiture proceedings over funds held by U.K. law firm Clyde & Co on behalf of a client, which it claims are “traceable to an international conspiracy” known as the 1MDB scandal.
In a 300-page filing compiled by the DOJ at a California District Court, the authority claims that more than $300 million in a Clydes’ escrow account is linked to laundered money from 1 Malaysia Development Berhad (1MDB), a strategic investment and development company wholly-owned by the government of Malaysia.
