PETALING JAYA: Fugitive businessman Low Taek Jho, also known as Jho Low, is defiant despite criminal charges filed against him by the police for money laundering, saying he won't submit to any jurisdiction where guilt has been pre-determined.
A statement issued by his attorneys through a spokesman suggested that the charges were designed to distract attention away from the Malaysian government's plan to sell the Equanimity superyacht without first verifying ownership through proper legal process.
The statement said Jho Low was conferring with his lawyers on what legal action he could take to address the charges.
"Mr Low is conferring with his lawyers regarding what legal action he can take to address this latest political reprisal, but he stands by his earlier statements: He will not submit to any jurisdiction where guilt has been predetermined by politics and self-interest overrules legal process," read the statement issued on Friday (Aug 24).
The Edge, quoting sources, reported on Friday that the police had filed criminal charges against Jho Low and his father over money allegedly stolen from 1Malaysia Development Bhd (1MDB).
The charges for money laundering were brought against Jho Low and his father Tan Sri Low Hock Peng “in absentia” by the Commercial Crime Investigation Department (CCID) of the police and the Attorney General’s Chambers, the business publication said in its website.
The papers were registered with the Sessions Court in Putrajaya on Friday morning and warrants of arrest for both men were also sought.
“With the registration of the charges, the next step is to seek an extradition,” one legal source told The Edge, which said that Jho Low and his family were believed to be in China or Abu Dhabi.