Govt seeks to forfeit assets of Jho Low’s accomplice


KUALA LUMPUR: The government is seeking to forfeit the assets of former 1Malaysia Development Bhd (1MDB) executive director Casey Tang, a known associate of fugitive businessman Low Taek Jho, aka Jho Low.

The forfeiture suit, which was first filed in November last year, is seeking to recoup a total of RM156,500 from four bank accounts, a bungalow house in Bandar Kinrara, and a shoplot in Bandar Puchong Jaya, as well as a Subaru XV 2.0i car, belonging to Tang, whose full name is Tang Keng Chee.

The matter came up before Justice Collin Lawrence Sequerah yesterday.

During the proceedings, a representative from Maybank entered an appearance as a third party to claim the bungalow.

It is understood that the property is still under loan with the bank.

Deputy public prosecutor Noor Zalizan Lazarous appeared for the government.

The matter is fixed for case management on Oct 12.

The forfeiture suit against Tang, whose whereabouts is currently unknown, is part of a multiple forfeiture applications under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act, which was launched by the Malaysian Anti-Corruption Commission (MACC) in June 2019.

The forfeiture suits were filed against 41 individuals and entities, including Umno, to recover RM270mil, allegedly from 1MDB funds.

MACC then chief commissioner Latheefa Koya said the monies that were disbursed to these recipients and entities all came from former prime minister Datuk Seri Najib Razak’s personal bank account.

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Jho Low.

   

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