More assets linked to 1MDB set to be seized

KUALA LUMPUR: More assets related to the 1Malaysia Development Bhd (1MDB) case are expected to be confiscated following the testimony by lawyer Jasmine Loo Ai Swan.

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), Bernama reported.

Razarudin added that 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.

The PDRM Madani Ride and Ipoh Super Bike Club, held in conjunction with the 216th Police Day and National Month, was launched at the Kuala Lumpur Police Training Centre here yesterday.

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