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M'sian money, opulent ideas, but now a forced sale

Financier Jho Low and his associates are accused of illegally diverting billions of dollars from 1MDB to acquire, among other things, the Park Lane, a luxury hotel in New York

Published Wed, May 24, 2017 · 09:50 PM
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New York

THE celebratory dinner was held at one of the city's best restaurants, whose building offers a picture-perfect view down Central Park South to the Park Lane Hotel, a 47-storey tower that looms over its more famous neighbour, the Plaza.

Steven Witkoff, a New York developer, had just won the bidding for the Park Lane. It was, he thought, the best location in Manhattan, if not the world, to build a supertower with luxury apartments.

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