Department of Justice says money in Clyde & Co’s account allegedly linked to Malaysian fraud scandal
The US Department of Justice (DoJ) has moved to seize $330m (£256m) held in the bank account of a major London law firm which prosecutors allege is derived from the proceeds of one of the world’s largest financial frauds.
The DoJ has filed civil forfeiture proceedings against funds held by City firm Clyde & Co, which prosecutors said they have traced to an “international conspiracy” that allegedly laundered money stolen from the Malaysian state investment fund 1MDB.
