Tuesday, November 15, 2016

When will Jho Low's assets be declared?

'Jho Low's family fighting US bid to seize assets'

Family members of Penang-born billionaire Low Taek Jho are fighting off attempts by the US to seize their assets allegedly acquired using misappropriated 1MDB funds.
According to a Bloomberg report, four of Jho Low's family members, including his brother and father, have initiated claims for assets in the US which the Department of Justice (DOJ) had identified in its case against 1MDB.
The assets include a US$100 million interest in EMI Music Publishing Group, a US$35 million Bombardier jet and a US$200 million stake in Park Lane Hotel.

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