Malaysia is set to receive 12 pieces of fine art – including works by Pablo Picasso, Joan Miro and Henri Matisse – after discussions with US officials to repatriate assets tied to the global corruption scandal at 1MDB.
The works are being held by Christie’s and Sotheby’s auction houses in the United States and estimated to have a combined value of over US$30 million, the Malaysian Anti-Corruption Commission (MACC) said in a statement on Saturday. They were purchased by Jasmine Loo, a former…
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