Jho Low's NYC condos to be sold in 1MDB forfeiture lawsuits

The two luxury New York City condominiums are Time Warner penthouse at 80 Columbus Circle (above), which Jho Low acquired in 2011, and a US$14 million condo at 118 Greene Street that he bought in 2014.PHOTO: GOOGLE MAPS.

NEW YORK (Bloomberg): Two luxury New York City condominiums that fugitive Malaysian financier Jho Low is accused of buying with money stolen from a state investment fund are to be sold as part of U.S. forfeiture lawsuits targeting the properties.

Lawyers for Low -- whose full name is Low Taek Jho -- and the U.S. on Wednesday asked a Los Angeles federal judge to let them take the first step toward listing sales of the $31mil (RM130mil) Time Warner penthouse at 80 Columbus Circle, which Low acquired in 2011, and a $14mil (RM59mil) condo at 118 Greene Street that he bought in 2014.