Jho Low's family digs in heels to stop US 1MDB asset seizure


  • Business
  • Wednesday, 07 Dec 2016

The family of Malaysian financier Low Taek Jho (pic) is reaching far and wide to stop the United States from seizing US$650mil (RM2.87bill) 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 U.S. 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 (RM15bil) of the US$8bil (RM35bil) raised by 1Malaysia Development Berhad (1MDB).

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