KUALA LUMPUR, July 24 -- The US Department of Justice (DoJ) said it has reached an agreement with 1Malaysia Development Berhad's (1MDB) former in-house lawyer Jasmine Loo Ai Swan to recover an artwork by famous Spanish artist Pablo Picasso and money in a Swiss bank account - both worth a total sum of US$1.8 million (over RM8.41 million according to current exchange rates) and allegedly originating from money stolen from 1MDB.

In its announcement dated July 23, the DoJ said this deal resolves its civil forfeiture action against the Picasso artwork and Switzerland financial account which was under her control, but said this does not mean that Loo is free from any criminal claims

"The agreement with Loo announced today does not release any...