Mubadala hoped to finalise a deal, that would need the DoJ's approval, to buy 50 percent of Viceroy Hotel Group "within a matter of days," the Financial Times reported, citing one person aware of the matter.
The Abu Dhabi fund already owns 50 percent of Viceroy, which has more than a dozen hotels across the world, while the remainder is owned by Low and affiliates that purchased rights to and interests in the hotel group with funds from 1Malaysia Development Berhad (1MDB), the newspaper said.
The department alleged more than $4.5 billion belonging to the state wealth fund, set up by Malaysian Prime Minister Najib Razak in 2009, was taken by high-level fund officials and their associates.
U.S. authorities, in civil complaints, have accused Low of laundering more than $400 million stolen from the scandal-tainted Malaysian fund through an account in the United States. The Malaysian businessman has not been charged with any crime.
Viceroy declined to comment while the Justice Department, Mubadala, and Jho Low's Hong Kong-based company Jynwel Capital did not immediately respond to emailed requests for comment outside of regular working hours.
(Reporting by Ismail Shakil in Bengaluru; Editing by Steve Orlofsky) ((firstname.lastname@example.org; Within U.S. +1 646 223 8780, outside U.S. +91 80 6749 3538; Reuters Messaging: email@example.com))
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