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22 July 2016

Swiss police seize Monet and Van Gogh art linked to 1MDB, on request of US Department of Justice


A member of staff poses with a painting entitled Nympheas Avec Reflets de Hautes Herbes by French artist Claude Monet at Sotheby's auction house in central London on 31 January 2013, and due to form part of the Impressionist and Modern Art Evening Sale on 5 February.




ZURICH, July 21 (Reuters) - Swiss authorities acting on a U.S. request have seized three valuable paintings linked to an investigation into scandal-hit Malaysian state fund 1MDB, they said on Thursday.

A spokeswoman for the Federal Office of Justice said the paintings ordered seized were van Gogh's La maison de Vincent à Arles and Monet's Saint-Georges Majeur and Nympheas avec Reflets de Hautes Herbes. She was confirming a report by the Neue Luzerner Zeitung newspaper.

"The operation is not over yet so we will not comment at the moment on the location of the paintings," she said.

The U.S. government on Wednesday filed lawsuits seeking to seize $1 billion in assets bought with money believed to have been stolen from 1MDB.



Read more: http://www.dailymail.co.uk/wires/reuters/article-3701374/Swiss-seize-van-Gogh-Monet-paintings-1MDB-case.html#ixzz4F6qd1FPM

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