Prosecutors in the US are trying to seize and sell a Belgravia townhouse worth around £23.2m which is
implicated in a complex criminal trial involving former Malaysian prime
minister Najib Razak, Reuters says.
The report says that Malaysian
and US authorities allege $4.5bn (around £3.7bn) was misappropriated from
1Malaysia Development Berhad (1MDB) a state fund set up by Najib Razak. It
claims that the property as well as two others – a $35m New York apartment and
$17.5m Beverly Hills mansion – were purchased by Najib Razak’s stepson Riza Aziz
using funds ‘diverted’ from 1MDB.
Other sources reveal that
the Belgravia house was purchased for £23.2m in 2012 by a company based in the British Virgin Islands of which Riza Aziz is the
In a further twist,
prosecutors say Riza Aziz bought the properties from Malaysian financier Low
Taek Jho who faces criminal charges in Malaysia
and the US
over his alleged central role in the 1MDB case. All the parties deny the
Reuters report says.
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