PETALING JAYA: "Billion Dollar Whale" author Bradley Hope has claimed that fugitive businessman Low Taek Jho (pic), better known as Jho Low, is under house arrest in Shanghai.
“Jho Low was in Macau a lot from 2015-2018, as well as Hong Kong Kong, Shenzhen & Thailand but after Najib’s electoral defeat his movements were more restricted to the mainland.
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“We at @WhaleHunting_ believe he’s under house arrest in Shanghai," he said in a post on Twitter on Tuesday (May 30).
Earlier, it was reported that Low was believed to be hiding in Macau.
The information was confirmed by several people who had seen the businessman in the gambling haven, according to a written reply from the Malaysian Anti-Corruption Commission (MACC) to Al Jazeera.
The revelation on the whereabouts of Low came just weeks after 1Malaysia Development Bhd (1MDB) suspect Kee Kok Thiam was arrested and released by the MACC earlier this month.
Malaysian authorities have been working to repatriate Low, known as the most wanted white-collar criminal, for years.
He was first charged in absentia in 2018 by a Malaysian court with eight counts of money laundering. Low publicly declared his innocence the same year.
The American Federal Bureau of Investigation had accused Low of stealing US$1.42bil from three bond transactions that Goldman Sachs Group Inc arranged for the Malaysian wealth fund.
More to come
