NZ court allows Jho Low's family to change trustees

AUCKLAND: The High Court of New Zealand has granted permission for the Low family to change trustees, according to the court ruling on Friday.

The judgment was contained in a 14-page ruling by Justice Kit Toogood.

“I am satisfied that the replacement of the current trustees with trustees who are willing to ensure that proper legal steps are taken in the California proceedings is not only expedient but necessary to safeguard the trust assets” and “protect the interests of the beneficiaries,” he said in his ruling, according to Bloomberg. 

Corporate News , Jho Low , 1MDB