Malaysian investment fund fugitive forfeits $1.2 million (£930,000) Picasso drawing to US officials

US officials have recovered a Pablo Picasso (1881-1973) drawing worth $1.2 million (£930,000) that was purchased with allegedly embezzled funds at Christie’s New York a decade ago. The deal was struck with an ex-member of 1Malaysia Development Berhad (1MDB), the scandalised sovereign investment fund accused of widespread corruption and bribery.

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