KUALA LUMPUR — The Malaysian Anti-Corruption Commission is evaluating logistical arrangements and financial implications to repatriate high-value artworks tied to the 1MDB asset recovery programme.
Sources revealed that around 12 paintings belonging to Jasmine Loo are currently stored at Sotheby’s and Christie’s in the United States, collectively valued at over US$30 million.
Among the notable pieces are works by renowned artists such as Pablo Picasso, Joan Miro, Alexander Calder, William H. Bailey and Henri Matisse.
Assets under Sotheby’s are already being arranged for shipment to Malaysia, while those in Christie’s custody require a US court order and coordination with the Department of Justice before release.
The repatriation effort follows recent bilateral discussions between MACC, the FBI and DOJ as part of broader global asset recovery cooperation.
MACC confirmed that investigations into various asset categories — including real estate, financial assets and luxury properties across different jurisdictions — are ongoing.
The commission is also investigating matters involving Casey Tang and alleged misappropriation linked to foreign law firms.