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.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , Jho Low

   

Next In Business News

Wall St set to open lower as Meta Platforms, economic data weigh
Al-’Aqar REIT aims to acquire yield-accretive properties from KPJ Healthcare
Samenta wants micro enterprises to be exempted from e-invoicing
Pantech seeks Main Market listing for subsidiaries via SPV
Inta Bina secures RM224.80mil contract for serviced apartment project
UMediC transfers to Main Market
Ringgit closes marginally higher against US dollar
AirAsia X mulls flying to Eastern Europe, London and Orlando
MKHOP posts RM16mil net profit in 2Q24
Gobind: Appointment of new DNB board members marks major milestone in 5G network restructuring

Others Also Read