Saturday, July 23, 2016

Van Gogh and Monet paintings seized in 1MDB corruption investigation

The artworks were seized following a request from the US, one of several countries looking into alleged massive fraud at the Malaysian state fund.

La Maison de Vincent a Arles, by Vincent Van Gogh. Photograph: Frank Baron for the Guardian

 Switzerland has seized a painting by Vincent Van Gogh and two others by Claude Monet as part of the global investigation into Malaysia’s scandal-tainted sovereign wealth fund, an official said Friday.

The works were seized following a request from the United States, one of several countries probing alleged massive fraud at the Malaysian state fund 1MDB, said Swiss justice ministry spokeswoman Ingrid Reyser.

“The operation is over and we confiscated the three paintings,” Reyser told AFP in an email.

She declined to comment on where the paintings had been kept or the individuals involved.

Earlier this week, the US justice department filed lawsuits seeking to reclaim more than $1bn in assets linked to stolen or laundered 1MDB funds.

Artworks by Monet and Van Gogh were among the assets listed in the lawsuit filed at a California federal court.

Read more on The Guardian 

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