UPDATE 7-In record deal, U.S. to recover $1 bln from Malaysian fugitive Jho Low

UPDATE 7-In record deal, U.S. to recover $  1 bln from Malaysian fugitive Jho LowNEW YORK/KUALA LUMPUR, Oct 31 (Reuters) – The U.S. Justice Department has struck a deal to recoup $ 1 billion in funds allegedly looted from a Malaysian state investment fund by fugitive financier Jho Low, in a record capture for a U.S. anti-corruption probe. U.S. authorities say about $ 4.5 billion was siphoned from 1Malaysia Development Berhad (1MDB), founded in 2009 by then- Malaysian prime minister, Najib Razak.



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