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Malaysia asks Interpol to trace financier linked to 1Malaysia Development Berhad scandal

Staff Writer | October 23, 2017
Malaysia has asked Interpol to try to locate a Malaysian financier for questioning over his suspected involvement in a multi-billion dollar scandal at state fund 1Malaysia Development Berhad (1MDB).
1MDB
Asia   $1.7 billion in assets
The U.S. Justice Department is seeking to seize $1.7 billion in assets that it said were bought with misappropriated funds from 1MDB, according to dozens of civil lawsuits filed by the department in the past two years.

The assets include a private jet, a hotel and real estate in New York, and a $107 million interest in EMI Music Publishing bought by Low Taek Jho, also known as Jho Low, the lawsuits said.

"We are confident Interpol will act professionally, but the police have yet to receive any detailed information (on Low's whereabouts)," Deputy Prime Minister Ahmad Zahid Hamidi said in parliament.

Low has previously denied any wrongdoing, saying that the U.S. Justice Department's actions were "a further example of global overreach in pursuit of a deeply flawed case".

Interpol did not immediately respond to an emailed request for comment.

1MDB, founded by Prime Minister Najib Razak, is facing money laundering probes in at least six countries including the United States, Switzerland and Singapore.

A total of $4.5 billion was misappropriated from 1MDB by high-level officials of the fund and their associates, according to the U.S. lawsuits.


 

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