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GEORGE TOWN: The seizure notice on the RM25mil bungalow in Tanjung Bungah, owned by the mother of fugitive businessman Jho Low, has gone missing.
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.
WASHINGTON (Bloomberg): The US Justice Department reiterated it was not involved in turning over Low Taek Jho's US$250mil (RM1bil) super yacht to Malaysia from Indonesia as the fugitive financier vowed not to submit to any jurisdiction where his guilt had been predetermined.
PETALING JAYA: There is no conflict of interest in the decision to hire lawyer Sitpah Selvaratnam to handle the Equanimity case in court, says Tommy Thomas.
PETALING JAYA: The US$250mil (RM1bil) superyacht Equanimity, has reached Port Klang. The superyacht, which purportedly belonged to fugitive businessman Low Taek Jho, also known as Jho Low, docked at the Boustead Cruise Centre, Pulau Indah here on Tuesday (Aug 7).
KUALA LUMPUR: Ringgit declined to its lowest level this year on Tuesday as most Asian emerging markets currencies trade weaker amid concerns over an intensifying US-China trade war and following the dollar’s advance overnight.