Walker Tower

Walker Tower penthouse ensnared in 1MDB scandal to hit market for $45M Unit last s上海千花网

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old for $50.9M

Walker Tower (credit: JDS)

The priciest penthouse ever sold in Downtown Manhattan is hitting the market amid allegations that the apartment was purchased with funds stolen from Malaysia s sovereign wealth fund.

The Walker Tower penthouse is expected to be listed for $45 million阿爱上海同城

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— nearly $6 million short of what the unit sold for in 2014, the Wall Street Journal reported. (At the time, the deal marked the most expensive home sale downtown, but a penthouse at Ian Schrager s 160 Leroy just went into contract for slightly more, $51 million.) Federal authorities believe that Abu Dhabi-based businessman Khadem Al Qubaisi cont爱上海同城论坛

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rols the LLC that owns the penthouse, and that he used money misappropriated from the Malaysian上海千花网龙凤论坛

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state fund 1Malaysia Development Bhd. (1MDB) to make the purchase.

In September, a federal ordered the Justice Department to hold off on seizing other assets in New York and Los Angeles connected to the scheme until a criminal investigation was conducted.

Earlier this year, developer Steve Witkoff and t爱上海同城论坛

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he Justice Department put the Park Lane Hotel up for sale. The deal cut out majority owner Jho Low, who authorities believe illegally diverted funds from 1MDB into real estate. [WSJ] — Kathryn Brenzel 

Tags: Residential Real Estate, walker tower
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