Hollywood A-listers Miranda Kerr and Leonardo DiCaprio are being forced to return millions of dollars worth of gifts after becoming unwittingly caught up in what the US Government believes to be a highly intelligent and intricate money laundering scheme.
The government, which broke its silence about the investigation on Friday are now attempting to recover billions of dollars they say have been misappropriated and taken from the Malaysian people without their knowledge.
And if you’re thinking all of this sounds seriously complicated, it is.
Firstly, how much money are we talking?
Collectively, the US Justice Department is claiming that more than $6 billion has been stolen from a fund that was intended to be for the Malaysian people and go towards infrastructure projects.
Where did the money come from?
According to the New York Times and the Associated Press, a number of years ago the Malaysian government created an economic sovereign wealth fund known as the 1 Malaysia Development Fund or 1MDB. Government statements released at the time of the fund's creation claim 1MDB was to be a global investment fund with annual profits being returned to the Malaysian people and allocated to infrastructure projects, but that's not quite what happened...