Malaysia to Get Picasso, Matisse Artworks Linked to 1MDB Lawyer
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Malaysia said it will get 12 artworks including those 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 US and estimated to have a combined value of over $30 million, the Malaysian Anti-Corruption Commission said in a statement on Saturday. They were purchased by Jasmine Loo, , a former lawyer for the state investment fund, and have been under the custody of the US Justice Department.