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A limited liability company controlled by David Lowy, whose father Frank Lowy founded retail giant the Westfield Corp., spent approximately $36 million on a condominium on New York City’s Billionaire’s Row at a recent foreclosure auction, according to two people with knowledge of the deal.

The unit, a penthouse at One57 at 157 West 57th Street, had been owned by shell companies linked to Kolawole Akanni Aluko, a Nigerian businessman accused by the U.S. of conspiring to pay bribes to the country’s former oil minister in return…