U.S. officials to discuss bid to recover $1 billion taken from Malaysian fund

July 20, 2016 12:55 PM

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WASHINGTON, July 20 U.S. Attorney General Loretta Lynch will hold a news conference on Wednesday to discuss a civil forfeiture suit seeking to recover more than $1 billion linked to a conspiracy to launder money misappropriated from a Malaysian sovereign wealth fund.

The U.S. Justice Department said Lynch and other law enforcement officials would hold a news conference at 11:30 a.m. EDT/1530 GMT to announce the filing of civil forfeiture complaints seeking to recover more than $1 billion in assets.

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