Story perspectives

Malaysia Reclaims $30M Artworks Linked to 1MDB Scandal

12/16/2025

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Summary

Story summary

Malaysia will receive 12 artworks, including Picasso, Miro, and Matisse, valued over US$30 million, as repatriating assets tied to the 1MDB scandal.
The works, held by Christie’s and Sotheby’s, were purchased by Jasmine Loo, a former lawyer for the state fund.
Ongoing discussions involve fugitive Jho Low, the alleged mastermind, believed to be in China.
MACC is addressing figures, including former Goldman Sachs banker Tim Leissner and businessman Tarek Obaid.

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Story summary

Malaysia will receive 12 artworks, including Picasso, Miro, and Matisse, valued over US$30 million, as repatriating assets tied to the 1MDB scandal.
The works, held by Christie’s and Sotheby’s, were purchased by Jasmine Loo, a former lawyer for the state fund.
Ongoing discussions involve fugitive Jho Low, the alleged mastermind, believed to be in China.
MACC is addressing figures, including former Goldman Sachs banker Tim Leissner and businessman Tarek Obaid.