(June 16): The US Justice Department is seeking to recover US$540 million ($747 million) in assets -- including art works, jewellery and film rights -- that it says were purchased with funds misappropriated from Malaysia’s 1MDB wealth fund.

It’s the latest attempt by the US government to seize assets linked to the tainted fund, bringing the total sought by the Justice Department to US$1.8 billion.

From 2009 through 2015, more than US$4.5 billion belonging to 1Malaysia Development Bhd was diverted by high-level officials of the fund and their associates, according to complaints filed Thursday in the Central District of California.

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