SINGAPORE (June 16): More than US$4.5 billion ($6.2 billion) in funds belonging to 1Malaysia Development Bhd (1MDB) has been allegedly siphoned off by high-level officials of 1MDB and their associates, according to a 251-page asset seizure filing by the US Department of Justice (DoJ) on Thursday.

In what was its third lawsuit against corruption linked to the Malaysian sovereign wealth fund, the US DoJ says it seeks to seize an additional US$540 million worth of assets.

Combined with the two civil forfeiture complaints filed earlier, this brings the total value of the assets the US DoJ is looking to seize to US$1.7 billion.

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