Tag: jho low

Malaysia targets hidden properties worth $4.3b siphoned through 1MDB

Anti-graft buster chief Latheefa Koya told reporters Malaysia is working to locate assets worth $4.3 billion which are yet to be accounted for and acquired with stolen money from the sovereign fund 1MDB. The global money-laundering probe extends to at least six countries and Malaysia is working with these countries in an attempt to locate these properties. This...

Suspicion of 1MDB corruption did not stop Goldman Sachs officials lured by cash pile

A class action by shareholders brings new accusations and evidence from senior witnesses within Goldman Sachs who willing to testify that top officeholders knew about the corruption problems at 1MDB. But the top officials pushed the deal because of the money it made for the...

Cypriot bishop admits aiding fugitive 1MDB mastermind Jho Low to get an EU passport

The Archbishop of Cyprus Chrysostom II, head of the Orthodox Church in Cyprus, has admitted that he was involved in getting Malaysian fugitive, Jho Low a passport from that country. A senior Cypriot government official confirmed to Bloomberg yesterday, Nov 4, that Low has Cypriot nationality....

Jho Low granted asylum in a ‘third country’ but is he currently in China or the UAE?

Fugitive businessman and alleged mastermind of the global money-laundering 1MDB case is giving up billions that many say do not belong to him, but he remains elusive and no one from the US or Malaysia seem to be able to lay their hands on...

US Justice close to recovering US$1b from accused 1MDB mastermind

The US Justice Department said it is close to recovering US$1 billion from Jho Low, the fugitive alleged mastermind in the 1MDB global scandal. The Wall Street Journals said yesterday, the DOJ is closer to a civil-forfeiture settlement with Jho Low in the multi-billion dollar fraud. The...

Najib’s lawyer said it was like asking a fox to take care of a chicken in Jho Low’s role in 1MDB scandal

In the criminal trial of former Malaysian prime minister Najib Abdul Razak involving the alleged abuse of power and money laundering of 1MDB funds, defence lead counsel Muhammad Shafee Abdullah likened fugitive financier Jho Low to a fox taking care of a chicken. The lawyer made the...

Najib did not stop Jho Low and had an interest in a RM18b 1MDB deal

Najib Razak, the former Prime Minister of Malaysia, did not contradict or revoke any decisions made by alleged 1MDB mastermind Jho Low and he had an interest in a RM18 billion joint-venture agreement with a subsidiary of International Petroleum Investment Co, Aabar Investment PJS. This was revealed to the High...

Malaysian officials know where Jho Low is, aim to bring him back by December

Kuala Lumpur—Police in Malaysia said on September 25, Wednesday, that they are aware of the whereabouts of fugitive Malaysian banker Low Taek Jho, popularly known as Jho Low, and that they are confident that they will be able to bring him back to the...

Defence says fugitive 1MDB mastermind Jho Low will prove Najib’s innocence

The defence team of former Malaysian premier Najib Razak challenged the Malaysian authorities to drag fugitive businessman Jho Low to the courts saying his testimony will prove their client is innocent. They also told the court the police said they knew where Jho Low is hiding and...

1MDB Trial: Najib’s former special assistant received pocket money from Jho Low for overseas trips

Kuala Lumpur — The influence of fugitive Malaysian financier Low Taek Jho, popularly known as Jho Low, on the daily life of former Prime Minister Datuk Seri Najib Razak as well as those around him continues to unfold even as Mr Najib’s corruption trial...