A US$51mil (RM211mil) penthouse in Manhattan’s Walker Tower, allegedly acquired with money siphoned from 1Malaysia Development Bhd (1MDB), would be placed on the market.
US prosecutors and lawyers signifying the trust that have the property on Tuesday. They asked federal judge in Los Angeles checking a civil forfeiture lawsuit to allow them to progress with selling it.
The Justice Department states the penthouse acquired in 2014 by Khadem Abdulla al Qubaisi. He was the former managing director of Abu Dhabi’s government-owned International Petroleum Investment Co.
Al Qubaisi recently sentenced to 15 years in prison in Abu Dhabi, as per the Wall Street Journal. He and an accomplice additionally ordered to pay US$336mil (RM1.4bil), the Journal mentioned.
Al Qubaisi, who is also the former chairman of restaurant and nightclub owner Hakkasan Group. He gained US$473mil (around RM2bil) taken from 1MDB in 2012, in line with the Justice Department.
Al Qubaisi, assisted by Low Taek Jho, often called Jho Low. He is the suspected mastermind of the plan to grab billions of dollars from the Malaysian fund.
Apart from the Manhattan penthouse, al Qubaisi believed to have bought a US$31mil (RM128mil) residence in Beverly Hills, California, with 1MDB money.