In recent news, Malaysian fugitive Jho Low has reportedly been arrested and charged. For more details and information about the case, you should read the article. Stay tuned for all the latest ideas and updates in the PKB news.
Jho Low arrested and charged
Shockingly, it has been reported that Jho Low, the mastermind behind the 1MDB scam, is still on the run after being arrested in absentia in Malaysia and the US. Jho Low, a Malaysian businessman is known to be accused of planning one. one of the biggest financial scandals in history. The 1MDB scandal, which involved the embezzlement of billions of dollars from the sovereign wealth fund, devastated Malaysia. He too has been on the run from authorities since 2015 and his current whereabouts are unknown. However, in 2015, the 1MDB scandal came to light and the Malaysian refugee has been on the run ever since.
Therefore, he was charged with money laundering, conspiracy to commit money laundering, and violation of the Foreign Corrupt Practices Act in the United States in 2018, denying all charges. These are the reasons for Low’s arrest and charges. Low is currently accused of using his connections to former Malaysian Prime Minister Najib Razak to steal billions of dollars from 1MD, a state investment fund. The money was allegedly used to finance Low’s lavish lifestyle, including the purchase of luxury properties, works of art, and jewelry. He was also accused of bribing foreign officials and laundering money through these companies.
The former was reportedly charged with money laundering and violating the Foreign Corrupt Practices Act for money laundering in the US in 2018. Additionally, Jho Low’s assistant Jasmine Loo was reportedly she was also arrested. Jasmine Loo, a former senior adviser at 1MDB and a close associate of Jho Low, was also arrested last Saturday by Malaysian police on charges of criminal breach of trust. Her arrest was made under Section 409 of the Penal Code, which carries a maximum sentence of 20 years in prison. She is accused of embezzling millions of rings from 1MDB with Low. She continues reading for more details.
Loo’s arrest was known to be a key event in the ongoing 1MDB scandal. Knowingly, she is the first person arrested in Malaysia in connection with the scandal since the fall of the Barisan Nasional government in 2018. Loo was reportedly one of the middlemen used by Jho Low, a wanted businessman, to steal millions. of sovereign wealth funds. Low is currently a fugitive from justice. He has not been arrested or charged in Malaysia, his current whereabouts are unknown. Reports suggest Low is under house arrest in China, although no sources have confirmed this. His legal team denied that he was under house arrest and said that he was free to travel.
Categories: Trends
Source: HIS Education