1MDB lawyer loses cars, cash


KUALA LUMPUR: The High Court has ordered that two luxury cars and RM22,600 in cash belonging to former 1Malaysia Development Bhd (1MDB) lawyer Jasmine Loo Ai Swan be forfeited to the government.

Judge Datuk Azhar Abdul Hamid made the ruling yesterday after allowing the prosecution’s application to forfeit the rights to the vehicles and the money seized from Loo.

The application for the forfeiture of the vehicles and money was made in accordance with Section 56 of the Anti-Money Laundering, Anti-Terrorist Financing and Proceeds of Unlawful Activities (AMLATFPUAA) Act 2001, Bernama reported.

The court also allowed an application by a third party, namely OCBC Bank (M) Bhd, which was represented by lawyer Lim Jun Yik, to claim a condominium in Mont Kiara here that was seized from Loo.

“I have examined the affidavits and submissions from both parties and decided that the third party’s application to claim the immovable property (a condominium) belonging to the respondent (Loo), which was seized on Feb 15, 2021, is allowed.

“The prosecution’s application to forfeit the rights to three more properties, namely an Audi car and a Volkswagen New Beetle car, that were seized on Jan 27, 2021, as well as money amounting to RM22,600 in the respondent’s Maybank Islamic Bhd current account that was seized on Feb 2, 2021, is also allowed,” said the judge.

In November 2021, the prosecution filed a notice of motion to forfeit the two cars, money and a condominium belonging to Loo.

Loo is said to be a close associate of fugitive businessman Low Taek Jho also known as Jho Low, who was also involved in the 1MDB financial scandal.

On Dec 4, 2018, the magistrate’s court issued arrest warrants against Low, Loo, former 1MDB executive director Casey Tang Keng Chee, former 1MDB official Geh Choh Heng and Eric Tan Kim Loong – a close associate of Low – after they failed to appear in court to face seven charges of money laundering related to 1MDB.

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