Jho Low agreed to forfeit RM2.9 billion, stolen money from 1MDB funds

KUALA LUMPUR: Fugitive Jho Low has  recently struck a deal with the United States Department of Justice (DoJ) to forfeit the alleged 1MDB stolen cash and assets worth US$700 million (RM2.9 billion), including a luxury hotel, mansions, jewellery, art works and a private jet,  officials announced.

However, his whereabouts remain mysterious, unknown and unsure.

Reports claimed that fugitive businessman Jho Low was offered asylum abroad and that he was in United Arab Emirates (UAE).  But Inspector-General of Police Tan Sri Abdul Hamid Bador yesterday said these claims are utter lies and folk tales.

Low`s representatives say he has been offered asylum abroad but they did not give any details neither did they name the country that gave him asylum or the country where he is now.

“We understand that Mr. Low was offered asylum in August 2019 by a country that acts in accordance with the principles of the United Nations Universal Declaration of Human Rights and European Convention on Human Rights,“ a spokesperson for Mr. Low, through his attorneys, told AFP.

Yet, Prime Minister Tun Dr Mahathir Mohamad said Malaysia would claim back the money from America when Low returns the US$700 million  (RM2.9 billion) and the additional assets. 

“We have proof that this is our money and will make a claim with the US government,“ he was quoted as saying in The Star.

 

Graduate with a Master of Mass Communication. 10 years working experience in the media and broadcasting.

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