SINGAPORE: The Singapore Police Force (SPF) has reiterated that the Interpol red notice issued against Malaysian businessman Jho Low in connection with the extensive 1Malaysia Development Bhd (1MDB) scandal remains in full effect.
On 26 June, the U.S. Department of Justice (DOJ) announced a settlement agreement with Jho Low and his family related to a civil forfeiture case stemming from the 1MDB scandal.
However, Singaporean authorities have clarified that this settlement has no bearing on their criminal investigations into Low and his associates.
Singapore has secured court orders to repatriate approximately S$103 million in funds linked to the 1MDB case to the Malaysian government.
An additional S$164 million in assets related to the scandal are currently either seized or restricted from disposal. Significantly, about S$101 million of the seized funds are directly associated with Jho Low and his family.
The SPF and the Attorney General’s Chambers (AGC) are actively collaborating with international authorities to facilitate the return of these assets to Malaysia.
This process is being conducted in accordance with the terms outlined in the recent settlement agreement between Low’s family and the DOJ, as well as adhering to Malaysian legal provisions.
The 1MDB scandal, which has implicated high-profile individuals and spanned multiple countries, continues to be a focal point for global financial crime enforcement.
The international community watches closely as efforts to locate and prosecute Jho Low persist, reflecting the broader implications of financial integrity and justice. /TISG