Model Miranda Kerr hands over US$8.1m in jewellery linked to 1MDB to US authorities
[NEW YORK] Australian model Miranda Kerr has handed over US$8.1 million worth of jewellery to the USJustice Department (DOJ) a week after lawsuits said it was purchased for her with funds allegedly misappropriated from Malaysia's sovereign wealth fund 1MDB.
Kerr, who isn't a defendant in the lawsuits, transferred the gifts last Friday to government agents from her safe-deposit box in Los Angeles, her spokesman said according to Wall Street Journal.
Full story here.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Beijing city to subsidise domestic AI chips, targets self-reliance by 2027
China passes tariff law as tensions with trading partners simmer
Blinken meets Chinese counterpart Wang Yi in Beijing
South Korea’s public finances no longer a credit rating ‘strength’: Fitch
UK consumer confidence improves as inflation and taxes fall
Inflation in Japan’s capital falls below BOJ target, slows for second month