Jho Low condemns seizure of RM48mil from father's bank accounts

  • Nation
  • Friday, 19 Jul 2019

Low Taek Jho and an official from 1MDB had hired Goldman Sachs Group to underwrite the US$1.75 billion bond offering.

PETALING JAYA: Fugitive businessman Low Taek Jho, or better known as Jho Low, has slammed the government for seizing RM48mil from the bank accounts of his father, Tan Sri Larry Low Hock Peng.

"This seizure - much like the Mahathir regime’s recent attempts to seize the Low family home of 20 years - further demonstrates the regime’s shameful strategy of targeted harassment and willingness to abandon proper procedures," according to his spokesman in a statement released on Friday (July 19).

The statement said that the "Mahathir regime" has not met its promises with respect to basic human rights or the rule of law, adding that the "regime" continues to favour the law of the jungle in pursuit of any inch of political gain.

"The evidence is clear - it is simply not possible to receive a fair trial in Malaysia, where double standards prevail, and power and politics override basic rights and freedoms," it added said.

Earlier, the High Court here allowed the Federal Government to make the seizure when Justice Mohamed Zaini Mazlan ruled in favour of the application from deputy public prosecutor Aaron Chelliah.

The ruling was made after no third party turned up to contest the forfeiture of monies worth over RM48mil from seven bank accounts belonging to Hock Peng.

The court was informed that a notice for third parties with interests in the assets to come forward and challenge the forfeiture was gazetted on June 17.

The government had on March 29 filed a civil forfeiture action to freeze seven bank accounts belonging to Hock Peng with the intention to forfeit them, claiming that the money was a result of money laundering activities.

The police have issued an arrest warrant against Hock Peng, whose whereabouts are currently unknown.

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