1MDB fugitive Jho Low hit with money-laundering charges in Malaysia
Police file eight charges against Low Taek Jho while his father, Low Hock Peng, is booked for one charge under the same money-laundering act
Malaysian police on Friday filed criminal charges against fugitive financier Low Taek Jho, who is wanted in connection with a multibillion-dollar money laundering scandal at state fund 1Malaysia Development Berhad (1MDB).
He was slapped with eight charges of money laundering at a court in the administrative capital Putrajaya, Amar Singh, the director of police commercial crime investigations said.
Low’s father Low Hock Peng was booked for one charge under the same money laundering act, he said.
“Warrants of arrest for both of them were issued by the court,” Singh said.
Low and his family’s whereabouts are unknown, but Malaysian lawmakers and enforcement officials have said the 38-year-old financier is believed to be living in China. Some media reports say he may be in Abu Dhabi.
