Jho Low during an interview at his office in Central, Hong Kong, in March 2015. Photo: Sam Tsang

Fugitive Malaysian tycoon Jho Low nears US$1 billion settlement with US over 1MDB scandal, reports say

  • Deal would be biggest recovery of funds under US government’s Kleptocracy Asset Recovery Initiative and resolve more than dozen forfeiture lawsuits
  • Settlement will not include an admission of guilt or wrongdoing and will not be tied to criminal action against Low
Topic |   Malaysia 1MDB scandal

TOP PICKS

Jho Low during an interview at his office in Central, Hong Kong, in March 2015. Photo: Sam Tsang
READ FULL ARTICLE
Fugitive Malaysian financier Jho Low, pictured in 2015. Photo: AP

1MDB scandal: Jho Low not off the hook despite US$1 billion settlement

  • The US Justice Department says the fugitive Malaysian financier still faces criminal charges in the US, and it will not tolerate its financial system being used for ill gotten gains
  • Low says he is ‘very pleased’ with the comprehensive settlement, which does not constitute an admission of guilt or liability from him
Topic |   Malaysia 1MDB scandal

TOP PICKS

Fugitive Malaysian financier Jho Low, pictured in 2015. Photo: AP
READ FULL ARTICLE