02-08-2021, 12:07 PM
![[Image: 1mdb_billboard_trx_02_20150703.JPG]](https://media2.malaymail.com/uploads/articles/2015-07/1mdb_billboard_trx_02_20150703.JPG)
KUALA LUMPUR, Feb 8 — The US Department of Justice (DoJ) has issued an arrest warrant to a law firm in London for the seizure of US$330 million (RM1.34 billion) allegedly misappropriated from 1MDB and held on behalf of a client.
According to The Guardian newspaper, the UK’s National Crime Agency served the in rem warrant issued on October 29 to Clyde & Co on behalf of the DoJ, targeting the funds held in the National Westminster Bank.
An in rem warrant is issued by a court over possessions or persons in legal jurisdictions outside its authority.
According to the DoJ’s filing, it alleged the funds to be the result of the embezzlement of over US$4 billion at Malaysia’s 1MDB, which the perpetrators laundered for bribe payments or to fund their lavish personal lifestyles.
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