Malaysia to Get Picasso, Matisse Artworks Linked to 1MDB Lawyer

Malaysia said it will get 12 artworks including those by Pablo Picasso, Joan Miro and Henri Matisse after discussions with US officials to repatriate assets tied to the global corruption scandal at 1MDB.

The works are being held by Christie’s and Sotheby’s auction houses in the US and estimated to have a combined value of over $30 million, the Malaysian Anti-Corruption Commission said in a statement on Saturday. They were purchased by Jasmine Loo, , a former lawyer for the state investment fund, and have been under the custody of the US Justice Department.