Singapore police say arrest warrants for fugitive financier Jho Low (pic) remain active, even as he continues efforts to seek clemency from US President Donald Trump.
"Warrants of arrest and Interpol red notices for both Tan Kim Loong and Low Taek Jho are still in effect," the police said in a statement on Wednesday (June 10) in response to Bloomberg queries. Tan is a known associate of Low and is also implicated in the multi-billion-dollar 1MDB scandal.
Low is accused by US and Malaysian authorities of masterminding the 1MDB scandal, in which billions were allegedly siphoned from Malaysia's 1Malaysia Development Bhd (1MDB) state investment fund. The money was allegedly diverted through a web of shell companies and Low – who has been on the run since 2015 – has denied any wrongdoing.
Malaysian Prime Minister Datuk Seri Anwar Ibrahim said his government would not consider any pardon request for Low. Court proceedings involving Low – who was charged in absentia in 2018 – remain ongoing.
Singapore authorities said several 1MDB-linked assets also remain seized in the city-state, including those tied to Low and his family. As of July 2024, about S$164mil (RM518mil) in assets had been seized or prohibited from disposal, of which S$101mil (RM316.34mil) was connected to Low and his family.
Malaysia has recovered RM29.75bil in 1MDB assets, or about 70% of the RM42bil allegedly embezzled from the fund, according to the Malaysian Anti-Corruption Commission.
Low was charged by US authorities in 2018 but has continued to evade arrest. He submitted a pardon application to the US Department of Justice earlier this year, according to a notice on its website. – Bloomberg
