"Today the Department of Justice has filed a civil complaint seeking to forfeit and recover more than one billion dollars in assets associated with an international conspiracy to launder funds stolen from One Malaysia Development Berhad or 1MDB. A company wholly owned by the government of Malaysia."
"Now the one billion dollars in assets that we are discussing today are just a portion of the more than 3 billion dollars that was stolen from 1MDB and laundered through American financial institutions in violation of United States law. 1MDB was created by the Malaysian government to promote economic development through international partnerships and foreign direct investment, with the ultimate goal of improving the well-being of the Malaysian people. But unfortunately, sadly, tragically, a number of corrupt 1MDB officials treated this public trust as a personal bank account."
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3. SOUNDBITE (English) Andrew McCabe, FBI Deputy Director:
"Certainly there is a lot going on in the world right now, terrorist attacks, violent crimes, serious threats to to American citizens and people around the world. Why does a corruption case half way around the world matter so much to us here today? Well I will tell you for a few reasons. First, because some of the profits of these schemes were invested in the United States and when corrupt officials bring their ill gotten gains to the United States they also bring with them their corrupt practices and their disregard for the rule of law. And that presents a threat to our economy, it impacts trade and investment, it fuels the growth of criminal enterprises, and undermines our fair democratic processes."
The United States government is seeking the forfeiture of more than $1 billion in assets that federal officials say were misappropriated from a Malaysian sovereign wealth fund.
The Justice Department filed civil complaints on Wednesday and Attorney General Loretta Lynch discussed the forfeiture demands at a news conference.
The department says high-level officials of the wealth fund laundered more than $1 billion through the United States and misappropriated more than $3 billion.
The fund was created by the Malaysian government with the goal of promoting economic development.
The Justice Department says the funds that were laundered into the U.S. were used for various assets, including real estate and hotel properties, a jet aircraft, fancy artwork and production of the Oscar-nominated movie, "The Wolf of Wall Street."