More assets related to 1MDB case to be seized, Jasmine Loo still in police custody, says IGP

KUALA LUMPUR: The police are expected to confiscate more assets related to the 1Malaysia Development Bhd (1MDB) case following the testimony by lawyer Jasmine Loo Ai Swan, who is former 1MDB general counsel.

Inspector-General of Police Tan Sri Razarudin Husain said the assets concerned would be forfeited to the government through a court process.

"Jasmine Loo is still in police custody at the Bukit Aman Commercial Crime Investigation Department for investigation involving money laundering,” he said after launching the PDRM Madani Ride and Ipoh Super Bike Club (ISBC) in conjunction with the 216th Police Day and National Month at the Kuala Lumpur Police Training Centre here Wednesday (Aug 16).

A total of 150 high-powered motorcycle riders from PDRM and ISBC were involved in a six-day convoy around Peninsular Malaysia, as well as South Thailand.

Razarudin also said Loo would be handed over to the Malaysian Anti-Corruption Commission (MACC) after the police had completed their investigation.

Loo, who is a former 1MDB group strategic executive director, is believed to have been part of fugitive businessman Jho Low’s inner circle and possessed information regarding 1MDB. - Bernama

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

1MDB , Jasmine Loo , asset , confiscate , Razarudin Husain


Next In Nation

Ulu Tiram attack: Injured cop maintains fighting spirit, to continue serving
Anwar says Malaysia not picking sides amidst US-China geopolitical tension
Queen presents Aidiladha donations
Rantau Panjang checkpoint packed with people returning home for Aidiladha
Bank worker detained after over RM20mil goes missing
Police receive two reports on leaked Zayn Rayyan case investigation information
Welfare Dept finding suitable guardians for Zayn Rayyan's younger brother
Health Ministry shortlisting private hospitals to strengthen access to healthcare
Malaysia 10th most peaceful country in global index
Zayn Rayyan's parents told to lodge police report if they feel threatened

Others Also Read