In recent news, it has been reported that Malaysian fugitive Jho Low has allegedly been arrested and charged. He must read the article for more details and information about the case. Follow us for all the latest ideas and updates on PKB News.
Jho Low arrested and charged
Shockingly, it has been reported that Jho Low, the mastermind behind the 1MDB scam, is still at large after being arrested in absentia in Malaysia and the US. Jho Low, a Malaysian businessman accused of being the perpetrator, was reportedly mastermind behind one of the biggest financial scandals in history. The 1MDB scandal, which involved the embezzlement of billions of dollars from a state investment fund, has devastated Malaysia. He too has been on the run from authorities since 2015 and his whereabouts are unknown at this time. However, in 2015, the 1MDB scandal came to light and Malaysia has been on the run ever since.
Therefore, he was charged with money laundering, conspiracy to conduct money laundering, and violating the United States Foreign Corrupt Practices Act in 2018, refuting each and every charge. This is the reason for Low’s arrest and indictment case. Low is currently accused of using his connections to former Malaysian Prime Minister Najib Razak to steal billions of dollars from 1MD, which is a state investment fund. The money was reportedly used to finance Low’s lavish lifestyle, including the purchase of luxury properties, artwork and jewelry. He has also been 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 to launder money in the US in 2018. Additionally, Jho Low’s partner Jasmine Loo was also reportedly she was arrested. Jasmine Loo, a former general counsel of 1MDB and a close connection to Jho Low, was also arrested last Saturday by Malaysian police on criminal charges of breach of trust. Her arrest was carried out under Section 409 of the penal code, which carries a maximum sentence of 20 years in prison. She is accused of misappropriating millions of 1MDB rings with Low. She continues reading for more details.
Loo’s arrest was known to be a vital development 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 rings of the sovereign wealth fund of the state. Low is currently a fugitive from justice. He has not been arrested or charged in Malaysia, his whereabouts are currently unknown. Reports suggest Low is under house arrest in China, although neither source confirms this. His legal team has denied that he is under house arrest and said that he is free to travel.
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Source: vtt.edu.vn