KUALA LUMPUR (Bernama): More than RM48mil seized from seven bank accounts belonging to Tan Sri Larry Low Hock Peng, the father of fugitive businessman Low Taek Jho or Jho Low, who was charged in the 1Malaysia Development Bhd (1MDB) scandal, now belongs to the government of Malaysia.
This follows High Court Judge Mohamed Zaini Mazlan’s order that the money be forfeited by the government after Malaysian Anti-Corruption Commission (MACC) deputy public prosecutor, Shafinas Shabudin as the applicant announced there was no third party present in court to claim the money amounting to RM48,491,064.