Authorities say Monet painting linked to 1MDB sold, funds to return to Malaysia
KUALA LUMPUR, April 1 -- Malaysian authorities have confirmed that a Claude Monet painting linked to the 1Malaysia Development Bhd (1MDB) scandal has been sold for €25.22 million (about RM118 million).
According to the New Straits Times (NST), Malaysian Anti-Corruption Commission (MACC) Special Operations Division senior director Datuk Mohamad Zamri Zainul Abidin said the artwork and its proceeds have been identified and will be returned to the government.
"It is a Monet work, and the proceeds from the sale are being held by a prominent French law firm, Archipel," he told NST.
NST also reported that sources indicated the piece is believed to be part of Monet's Water Lilies series, titled Nympheas avec Reflets de Hautes Herb...
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