Return of 12 artworks linked to 1MDB to be ‘very costly’
The return of 12 high-value paintings linked to 1MDB to Malaysia will be “very costly” due to the various logistical factors it will involve, according to a source at the Malaysian Anti-Corruption Commission.
The source said the anti-graft agency was in the process of bringing the assets worth more than US$30 million in total back to Malaysia, with MACC reviewing the costs involved and logistical needs.
“Assets under the care of Sotheby’s are now in the process of being brought back to Malaysia, while assets under Christie’s can only be handed over through a US court order,” the source said, referring to the two leading auction houses.
The court order will be obtained through cooperation with the US Department of Justice.
“The cost of bringing back these…
