Protesters in Kuala Lumpur hold portraits of Jho Low illustrated as a pirate in this 2018 file photo. Photo: AP
1MDB scandal: Jho Low sells luxury lingerie firm’s office space in London amid US legal fight
- The office, bought for 42 million pounds (US$54 million) in 2014, is to be sold as part of forfeiture lawsuits brought by federal prosecutors in the US
- Low is the alleged ringleader of a multibillion-dollar theft from 1MDB, created in 2009 as a Malaysian government-owned development company
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Malaysia 1MDB scandal
Protesters in Kuala Lumpur hold portraits of Jho Low illustrated as a pirate in this 2018 file photo. Photo: AP
The logo for Goldman Sachs appears above a trading post on the floor of the New York Stock Exchange. Photo: AP
Malaysia privately discusses slashing Goldman Sach’s 1MDB penalty to just US$2 billion
- Malaysia has long said the Wall Street bank owes US$7.5 billion, in what Finance Minister Lim Guan Eng called ‘reparation payments’
- But negotiators now seem prepared to settle for a fraction of that, so that a deal can be reached before the end of the year
Topic |
Malaysia 1MDB scandal
The logo for Goldman Sachs appears above a trading post on the floor of the New York Stock Exchange. Photo: AP