Record-Setting Penthouse Allegedly Linked to 1MDB Scandal Asks $45 Million

Home/Record-Setting Penthouse Allegedly Linked to 1MDB Scandal Asks $45 Million

Record-Setting Penthouse Allegedly Linked to 1MDB Scandal Asks $45 Million

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Three years ago, a penthouse made headlines when it closed for $50.9 million, setting the record for the priciest apartment ever sold in downtown Manhattan. Now, in the wake of allegations that it was purchased with funds related to a $4.5 billion Malaysian financial scandal, the unit is returning to market for $45 million, according to people with knowledge of the plans.

Authorities alleged that the owner of the penthouse, a company named 212 West 18th Street LLC, is controlled by Abu Dhabi businessman Khadem Al Qubaisi,…

By | 2017-10-05T14:45:23+00:00 October 5th, 2017|0 Comments

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