Sunday, July 24, 2016

1MDB Paid for these Luxurious Properties

A mouth-watering list of properties allegedly bought with 1MDB money:
1. Greene Condominium, New York

According to the DOJ, Low bought this luxury condominium in New Yorks' SoHo district in February 2014 – he allegedly paid $13.8 million.
2. Hillcrest Property 1 & 2, Beverly Hills, California




Image via LA Curbed
The DOJ said that Riza Aziz purchased 'Hillcrest Property 1' from Low using 1MDB funds. He allegedly spent $17.5 million for the property in 2010.
According to Sarawak Report, the property sprawls over 11,500 square feet and has 5 bedrooms and 10 bathrooms.
Besides that, the DOJ has alleged that Khadem Abdulla Al Qubaisi had misappropriated funds from 1MDB to acquire 'Hillcrest Property 2'. Khadem is the former managing director of the massive International Petroleum Investment Company (IPIC).
3. Laurel Beverly Hills Mansion, Beverly Hills, California



Image via Sarawak Report
The DOJ has alleged that Khadem had purchased the Laurel Beverly Hills Mansion from stolen 1MDB funds. It was said that the property was purchased for $31 million on or about February 05, 2014.
The property is currently on the market and is listed for $38 million.
4. The L’Ermitage Property, Beverly Hills, California

The DOJ's court document states that Low purchased The L'Ermitage Property, a luxury hotel, using funds that were diverted from 1MDB.
This luxury hotel, managed by the Viceroy Group, was bought by a company called Wynton Real Estate in January 2010.
According to the DOJ, documents from Jho Low confirmed that L'Ermitage Property was wholly-owned by his own investment fund, Jynwel Capital Ltd, where he served as the chief executive officer.
5. Oriole Mansion, Beverly Hills, California

Image via The Pinnacle List
Adding to his list of lavish properties, Low is said to have spent about $39 million on the above mansion in Beverly Hills that once belonged to 'Fantasy Island' actor Ricardo Montalban.
6. Park Lane Hotel [Symphony CP (Park Lane) LLC Assets]

Image via Tony Hisgett/Flickr
The DOJ filing asserts that $200 million of misappropriated funds were used by Low and his brother, Szen Low, to acquire an interest in an entity called Symphony CP, a partnership between New York real estate company the Witkoff Group and Jynwel.
The 47-story Park Lane Hotel on Central Park South, New York was bought for $660 million in November 2013.
7. Park Laurel Condominium, New York

Image via the diamangroup
The penthouse, No. 29A, a sprawling 15-room combination of three units designed by the architect Alan Wanzenberg for a previous owner, occupies 7,738 sq. ft. of interior space and has a 1,244-square-foot wraparound trophy terrace that faces south and captures both park and city views. There are seven bedrooms, five bathrooms, two powder rooms and a personal elevator entrance.
Low allegedly spent $24 million to acquire the lavish penthouse.
8. Time Warner Penthouse, New York

Image by Todd Heisler/The New York Times
Once home to the celebrity couple Jay Z and Beyoncé, the 76th-floor penthouse was bought by Low who allegedly used funds diverted from 1MDB. The latter paid $30.5 million for the property in 2011.
It was reported that Hollywood actor Robert De Niro's son, Raphael De Niro of Douglas Elliman Real Estate oversaw the sale, which is still listed as the highest yielded price per square foot at the Time Warner Center.
9. Walker Tower Penthouse, New York

Images via Forbes 
The Walker Tower penthouse is nearly 6,000 square-foot, with five bedrooms. It was Manhattan's most expensive apartment when it was bought for $51 million by Khadem, who allegedly used 1MDB funds.
10. Qantas Townhouse, Belgravia, London, UK

Image via Dan Gaba/The Wall Street Journal
The DOJ believes that Riza bought the Qantas Townhouse and a parking space using 1MDB funds. Riza apparently paid about £23.25 million ($41.8 million) for the Qantas Townhouse in 2012.
On Wednesday, Celtic’s three goals in six first-half minutes swiftly overturned the 1-0 deficit from last week's shock first-leg result to Gibraltarian part-timers Lincoln Red Imps.
Mikael Lustig (23) swiveled to notch the opener before Leigh Griffiths (26) cut inside to lash home the second and Patrick Roberts (29) swept home a fine third. That impressive first-half performance was enough to get the job done.
Celtic have now booked a Champions League third qualifying round tie with Astana of Kazakhstan.

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