SYDNEY (Jan 10): The Australian Federal Police (AFP) said on Tuesday they are working with international law enforcement agencies to investigate companies associated with Malaysia's scandal-hit sovereign wealth fund.

1Malaysia Development Bhd (1MDB), founded by Malaysian Prime Minister Najib Razak, is the subject of money laundering investigations in at least six other countries, including Switzerland, Singapore and the United States.

Civil lawsuits filed by the US Department of Justice allege more than US$3.5 billion ($5 billion) was misappropriated from 1MDB. The lawsuits seek to seize US$1 billion in assets allegedly siphoned off from 1MDB and diverted into luxury real estate in New York, Beverly Hills and London, valuable paintings, and a private jet.

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