1MBD scandal continues, fugitive Low Taek Jho is hit with new charges

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  • 6 months ago
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Malaysian financer Low Taek Jho and four others involved in the alleged 1Malaysia Development Berhad, have been charged with four fresh counts and arrest warrants by Malaysian authorities.

U.S. investigators have also identified Jho Low, as he is more commonly known, asa central figure of the supposed theft of $4.5 billion in the scandal, however his whereabouts are not known and has prompted Malaysia Police Chief Mohamad Fuzi to state,"if they are found to be in any other country, police and the Attorney General's Chambers will take action to request their extradition so that they can be brought back to Malaysia to face charges in court."

Low is therefore liable for prosecution for money laundering allegations in at least six countries, including, Switzerland, Singapore and the U.S.

Nevertheless, and rather defiantly, a spokesman of Low stated,"as has been previously stated, Mr. Low will not submit to any jurisdiction where guilt has been predetermined by politics and there is no independent legal process"adding that thecase was nothing more than a continuation of "trial-by-media".

Other charges were brought upon 1MDB's former general counsel Jasmine Loo Ai Swan, its former business development director Casey Tang Keng Chee, and former finance executive director Terence Geh Choh Heng, whom have all dclined to make any statements on the issue.




Source: Smart Trend Team