Jho Low family digs in to stop 1MDB asset seizure by US


LOS ANGELES: Malaysian financier Low Taek Jho’s family is reaching far and wide to stop the US from seizing US$650mil in real estate and business investments the government claims were acquired with funds stolen from his home country.

The family of the businessman known as Jho Low claims the Swiss trustees holding their assets are afraid to fight back against the US for fear of being prosecuted in the global game of investment hide and seek set off by the alleged disappearance of more than US$3.5bil of the US$8bil raised by 1Malaysia Development Bhd.

The Star Festive Promo: Get 35% OFF Digital Access

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , Jho Low

Next In Business News

Ringgit likely to trade cautiously next week ahead of key US data
Watts from water
Singapore’s financial sector a big winner
Up in Arms - or up the value chain?
Asia bonds for diversification
Smart city can’t beat the traffic
Powering a new reinvestment cycle as demand surges
AI disruption fears rock markets
Private equity hits a sixer
Dubai luxe property keeps booming

Others Also Read