US prosecutors pursuing the looted funds from the 1Malaysia Development Berhad, a sovereign wealth fund known as 1MDB, have found a further $300m. The money was confiscated from Jho Low, a friend of the Malaysian former prime minister Najib Razak.

Prosecutors took ownership of a £120 million superyacht, a 300ft ocean-going vessel complete with gym, and a Bombardier Global 5000 jet, worth £50 million.

Also on the confiscation list are properties in New York, Los Angeles and London’s Mayfair, and even the luxurious Viceroy L’Ermitage hotel in Beverly Hills.