US returns US$300 million in stolen 1MDB funds to Malaysia

The United States has returned US$300 million to Malaysia that prosecutors say was stolen in the multibillion-dollar 1MDB corruption scandal, authorities announced on Tuesday.The money comes from assets forfeited last year by financier Jho Low in a Los Angeles federal settlement. The settlement covered assets that included a Manhattan penthouse, a Beverly Hills mansion, a Beverly Hills boutique hotel, a luxury jet and paintings by Vincent van Gogh and Claude Monet.1MDB whistle-blower flees…