Jho Low, the accused mastermind of the 1MDB scandal, has been arrested and charged with allegedly embezzling billions from the sovereign wealth fund, resulting in significant damage to Malaysia.
Jho Low arrested and charged
According to recent media reports, Jho Low, a Malaysian fugitive and alleged mastermind of the 1MDB scandal, has been arrested and charged. The 1MDB scandal involves the embezzlement of billions of dollars from the sovereign wealth fund and has caused significant damage to Malaysia. Jho Low, a Malaysian businessman, is accused of organizing this huge financial fraud.
Jho Low has been on the run since 2015, following the revelations of the 1MDB scandal. Despite being arrested in absentia in Malaysia and the United States, he has so far managed to elude authorities. The information provided did not include the exact details of his arrest, such as the place and circumstances.
In 2018, Jho Low faced charges of money laundering, conspiracy to launder money and violation of the Foreign Corrupt Practices Act in the United States. He denied these accusations, denying every single one. The charges against Jho Low primarily relate to his alleged use of ties to former Malaysian Prime Minister Najib Razak to siphon off billions of dollars from 1MDB.
He is believed to have used his influence and connections to siphon off funds from the state investment fund. The embezzled money was allegedly used to fund Jho Low’s lavish lifestyle, including the purchase of luxury real estate, art and jewelry. In addition, he was accused of bribing foreign officials and using various companies to launder money.
Furthermore, it was reported that Jho Low’s associate, Jasmine Loo, was also arrested in connection with the 1MDB scandal. Loo, a former general counsel for 1MDB, was arrested on charges of breach of trust. She was accused of colluding with Jho Low to embezzle millions of ringgit from the state fund. Loo’s arrest is seen as a significant development in the ongoing investigation, as she is the first person arrested in Malaysia in connection with the scandal since the government change in 2018.
Despite these recent events, Jho Low’s current whereabouts remain unknown. While there are reports suggesting he may be under house arrest in China, these claims have not been officially confirmed. Jho Low’s legal team denies that he is under house arrest and claims that he has the freedom to travel.
Where was Jasmine Loo arrested?
Jasmine Loo Ai Swan, a former lawyer for 1Malaysia Development Bhd (1MDB), surrendered to the police and was subsequently arrested at the Dang Wangi police headquarters in Kuala Lumpur, Malaysia. This information was presented by Tan Sri Razarudin Husain, Inspector General of Police.
The arrest took place on Friday, July 7. Loo was accompanied by her lawyer when she surrendered to the authorities. After her arrest, she was remanded in custody to facilitate a police investigation into allegations of breach of trust. The specific location of the Dang Wangi police headquarters is in Kuala Lumpur, although the exact address in the city is not listed in the information provided.
What did Jho Low do?
Jho Low, also known as Low Taek Jho, is accused of orchestrating a complex financial fraud scheme centered on the 1Malaysia Development Berhad (1MDB) fund. He is alleged to have played a central role in embezzling billions of dollars from the sovereign wealth fund between 2009 and 2014.
Low’s activities included the establishment of a sophisticated network of overseas shell companies, as well as connections to influential individuals in the entertainment industry, Wall Street and the Middle East. He is believed to have used his relationships and connections to divert funds from 1MDB for personal gain.
One of the main aspects of the scheme involved using the embezzled funds to acquire luxury real estate around the world, luxury yachts and to finance major Hollywood films. These lavish expenditures are allegedly made possible through a complex web of transactions and money laundering activities.
In addition, Jho Low has been accused of paying significant sums of money to A-list celebrities, including Leonardo DiCaprio, Paris Hilton and Kim Kardashian, among others, to come with him to parties and events. These payments were allegedly made using funds misappropriated from 1MDB.
Low’s connections to influential government figures in Malaysia and Abu Dhabi are believed to have played a key role in the success of the fraudulent activities. He allegedly used his connections to corrupt government officials and ensure the smooth running of the scheme.
Despite denying any involvement, Jho Low faces charges in Malaysia and the United States for financial fraud and other crimes related to the 1MDB scandal. He is currently a fugitive from justice, and authorities from various countries are cooperating to investigate the extensive financial networks linked to 1MDB and recover the embezzled assets.
Who is Jho Low?
Jho Low, also known as Low Taek Jho, is a Malaysian businessman who is currently on the run from justice. He is wanted by authorities around the world in connection with the 1Malaysia Development Berhad (1MDB scandal). Born on November 4, 1981, Low has been identified as the alleged mastermind behind this massive fraud.
According to prosecutors, the 1MDB scandal involved a scheme to divert approximately US$4.5 billion from the 1MDB fund to Low’s personal accounts. He allegedly used the money for his personal benefit. The US government claims that Low is the beneficiary of various discretionary trust funds, which are believed to have come from payments linked to the Malaysian fund 1MDB.
Despite the charges against him, Low maintains his innocence. He claims that the Malaysian authorities are engaged in a campaign of harassment and political persecution against him. Low’s past support for former prime minister Najib Razak, himself convicted on charges related to the 1MDB scandal, is believed to be a contributing factor to the alleged persecution.
Name | Joe Low |
AGE | November 4, 1981 (age 41) |
Birth place | George Town, Penang, Malaysia |
Status | fugitive |
Citizenship | Malaysia (1981 – 2016) St. Kitts & Nevis (2011 – 2018) Cyprus (2015 – 2020) |
Occupation | Businessman |
Known for | 1MDB scandal |
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Categories: General
Source: HIS Education