A breakthrough has occurred in the money laundering case involving international fugitive Jho Low. Internationally recognized fugitive Jho Low has reportedly been sentenced to 10 years in prison in Kuwait prison for being involved in a money laundering case. Many people were eagerly awaiting the arrest of Jho Low and now they have finally received an update about it. He will be sent to a Kuwait prison for 10 years for his role in a money laundering case. We have given more details about this money laundering case in the following sections of this article. You just have to stick with this page and you have to go through it till the end. Scroll down the page and take a look below.
Jho Low arrested
According to the sources, the international fugitive was sentenced in absentia to 10 years in prison in Kuwait as he was found involved in money laundering of a minimum of $1 billion related to $4.55 billion that was reportedly they were stolen from 1MDB, the Malaysian sovereign wealth fund. A source close to the matter said the $1 billion was paid in laundered Chinese currency through Kuwait so that it would remain out of the reach of the US banking network and beyond the reach of the Justice Department and its investigators. Scroll down the page and read who the other person sentenced to prison is in this money laundering case.
Sheikh Sabah’s son Jaber Al-Mubarak Al-Hamad Al-Sabah was also reportedly sentenced to 10 years’ imprisonment. There is a third person who was also sentenced to 10 years in prison in Kuwait, Hamad Al Wazan, who attended the prestigious Wharton School of Business Law. In addition, 2 other men were also sentenced to 10 years in prison, Bachar Kiwan, who now resides in Paris, and Saud Abdelmohsan, who is a Kuwaiti lawyer, was sentenced to seven years. It is unclear if any of the convicts will serve their sentences. Fugitive Jho Low is said to currently reside in China under the protection of Beijing.
A source close to the matter also reported: “The ruling shows that the Kuwaiti authorities are serious about prosecuting money laundering activities, even if they are committed by individuals connected to high-ranking officials.” News of international fugitive Jho’s sentencing in Kuwait came after the Grammys. Award-winning musician Pras Michel went on trial this week in Washington, DC, in part for allegedly taking $100 million of stolen money from Jho and using it for a variety of plots. criminals.