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NEW YORK (Bloomberg): A stake in New York’s Park Lane Hotel has been sold to an Abu Dhabi sovereign wealth fund as part of the U.S. Justice Department’s efforts to recover billions of dollars that flowed through Malaysia’s scandal-plagued 1MDB investment fund.
KUALA LUMPUR: Malaysia will only seek to bring back the US$35mil (RM146mil) business jet linked to fugitive businessman Low Taek Jho if it is worthwhile, says Tun Dr Mahathir Mohamad.
PETALING JAYA: A US court has reportedly approved an agreement between US Department of Justice (DoJ) and the claimant Global One Aviation (Global 5000) Ltd for permission to start a bidding process to sell a jet linked to fugitive businessman Low Taek Jho.
KUALA LUMPUR: Malaysia is in talks with the relevant authorities to bring controversial businessman Low Taek Jho's private jet to Malaysia.
SINGAPORE: Singapore ordered millions of dollars misappropriated from the beleaguered 1MDB to be returned to Malaysia, the first time the city-state has repatriated assets to its neighbor following a globe-spanning probe.
PETALING JAYA: A local aviation maintenance company is keen to house the Bombardier Global 5000 jet, owned by fugitive financier Low Taek Jho, in its facilities for free when the plane is brought back to the country from Singapore.
PETALING JAYA: Malaysia will have to cough up at least RM3.5mil to bring the Global 5000 private jet that belongs to fugitive Low Taek Jho, better known as Jho Low, back to Malaysia.
KUALA LUMPUR: The Council of Eminent Persons (CEP) will not be dissolved as its services are still needed, says Prime Minister Tun Dr Mahathir Mohamad
PUTRAJAYA: The private jet belonging to fugitive businessman Low Taek Jho, also known as Jho Low, will be brought back to Malaysia “as soon as it can fly”, said Tun Dr Mahathir Mohamad.
SERDANG: With Low Taek Jho’s US$250mil (RM1.02bil) superyacht secure in Malaysian custody, Tun Dr Mahathir Mohamad is now turning his attention to the fugitive businessman’s US$35mil (RM143mil) private jet.