Abu Dhabi’s state-owned Mubadala Investment Co. and other investors can now buy the Park Lane Hotel. Fugitive Malaysian financier Low Taek Jho had purchased the hotel with money allegedly stolen from the state-owned 1Malaysia Development Berhad (1MBD) fund. The U.S. Justice Department has been trying to seize the property, and on Friday, intermediary companies that held Low’s interest rescinded their claims on the hotel, Bloomberg reported. The release of those claims clears the way for […]
source https://therealdeal.com/2018/11/20/the-park-lane-hotel-can-finally-be-sold/
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