This post is now, “Wanted: Jho Low and his father, Tan Sri Low Hock Peng.”

Low Taek Jho, often called Jho Low, is a Malaysian financier and the beneficiary of numerous discretionary trust assets said by the US Government to originate from payments out of the Malaysian 1MDB fund.
24 August 2018
..

Jho Low has been slapped with eight charges under Section 4(1)(a) of the Anti-Money Laundering and Anti-Terrorism Financing Act, 2001. On conviction will be liable to imprisonment for a term not exceeding fifteen years for each charge.

zzzzj3.jpg
..

PDRM’s Commercial Crimes Investigations Department has filed criminal charges against Jho Low and his father, Tan Sri Low Hock Peng. They are charged under the 2001 Anti-Money Laundering and Anti-Terrorism Financing Act. Interpol Red Notices will be issued for both of them.

zzzzj1.jpg
zzzzj2
..
1h1 hour ago

ENTIRE JHO LOW FAMILY NOW ON THE RUN FROM INTERPOL, COPS? AS MAHATHIR SLAPS CRIMINAL CHARGES ON FATHER & SON, JHO SAYS ‘IMPOSSIBLE TO GET FAIR TRIAL IN MALAYSIA’ – INDICATING HIS DAD TAN SRI LARRY LOW WILL ALSO TURN FUGITIVE TO ESCAPE 1MDB-LINKED

zzzzj4.jpg

His father Larry was also charged under the Anti-Money Laundering and Anti-Terrorism Financing Act with transferring US$56 million to Jho Low.

Jho Low is reportedly residing in China. Malaysia does not have an extradition treaty with China. – MALAY MAIL

– Statement on the filing of charges against Mr. Low

http://www.malaysia-chronicle.com/?p=130700

19 July 2018
..
zzzjh1
 

zzzjhk

They seek him here and they seek him there, but best bets are back on China.  Indeed, earlier today, a Hong Kong radio station reported that Jho Low had most recently fled back from Hong Kong into China, where it claimed he has now been detained pending Dr Mahathir’s visit next month.

Certainly, Malaysia’s newly reinstated veteran leader has made clear he is champing at the bit to get to see the Chinese President, since there are plenty of highly pertinent issues he wishes to discuss, albeit embarrassing to China.

These, of course, relate to a series of multi-billion dollar mega-projects that Chinese state controlled companies signed up to with the previous premier, Najib Razak, star patron of the man on the run, Jho Low.

All of them have been frozen by the new government, which has been issuing toe-curling statements confirming everyone’s suspicions that the contracts were prime examples of super-corruption, which the Chinese had been prepared to pander to in return for digging its economic tentacles into Malaysia and cementing a strategic control over the region.

They include two pipe-line deals in East Malaysia with the China Petroleum Pipeline Bureau (CPPB), which the Finance Ministry recently disclosed had already received 88% of the agreed payment two years early and when only 13% of the work had been completed.

The Finance Minister and his team have not minced their words when indicating their firm suspicion that the reason for this outrageous outlay was that the project were being used as a front to channel money to repay billions of dollars of debts owed by Najib’s notorious multi-billion dollar slush fund 1MDB.

Likewise, the grossly inflated East Coast Railway, contracted by Najib to China’s unfortunately named China Communications Construction Corporation – or CCCC (C4 was the explosive used to murder a young woman in a particularly murky case linked to Najib and the has become synonymous with cover-up and corruption in Malaysia).

It was Sarawak Report which exclusively revealed leaked documents back in 2016 that showed how this C4 contract also was inflated by 100% at the last moment, following negotiations with Najib to again write of debts and liabilities connected to 1MDB and Jho Low.  The exact repayment details over the next decade were written into a secret annex to the contract, which on the surface had provided merely broad brush calculations to justify the increased expenditure.

Throughout the period when these contracts were being drawn up the already fugitive Jho Low was based in Shanghai, and it is generally agreed that he was acting as Najib’s agent to use the Chinese to get the prime minister off the hook financially and politically after the United States Department of Justice published the exact details of the 1MDB theft in July 2016.

In other words, to save his own skin Najib proved willing to tie up his country in a mountain of debt and obligation to its neighbouring predatory super-power.

Numerous other Chinese funded projects were likewise put underway, in particular the evironmentally catastrophic Forest City, deemed to provide a helpful financial boon to the Sultan of Johore.  Not only was the development a perfect conduit for Chinese wishing to export cash, the project envisaged providing citizenship to a million new immigrants.

Mahathir and his reformist allies in the new Harapan government are naturally furious at all these thefts and deceptions and are demanding a re-negotiation with China, should these projects go ahead at all.  However, the entire episode represents a humiliating debacle for China, which like the rest of the world had mistakenly placed its bets on the politial survival of the unmasked kleptocrat Najib.

President Xi Jinping will hardly relish the prospect of the extent of his country’s bad behaviour and complicity in corruption being paraded on the world stage and it makes Malaysia’s top wanted man into a useful bargaining chip to help save face in the up-coming diplomatic wranglings and renegotiations.

It remains to be seen if China will hang on to Malaysia’s wanted man, who can tell all over Najib’s kleptocratic dealings (and China’s own involvement) or bargain a deal that includes the renegotiation of key projects in Malaysia’s favour, in return for a polite silence over the more embarrassing aspects of China’s corrupt part in propping up Najib?

Malaysia has its strong advocate in the trenchant Mahathir, but it appears China has a valuable hostage in its hands.

Excerpts from:
zzzsrrr.JPG

There is a new twist in the multi-billion-dollar financial scandal surrounding the Malaysian investment fund 1MDB – possible Chinese involvement.

Malaysia’s new government – which took office only in May – has suspended three major construction projects with Chinese firms.

A senior ministry official told the BBC that it believes that two of the contracts, for pipelines, were used to launder money for Malaysia’s previous administration, led by the former Prime Minister, Najib Razak.

These allegations open a new front in the inquiries into 1MDB, which is already being investigated in the US, Switzerland and Singapore.

The finance ministry’s accusations also represent a sharp change in mood in Malaysia towards China since Mr Najib lost power.

The investigations into 1MDB are being led by Malaysia’s finance ministry, housed in a vast curved building in Putrajaya, a purpose-built town to the south of Kuala Lumpur that has been the country’s administrative capital for the past two decades.

Until the election in May, Tony Pua was an opposition MP who spent much of his time talking about 1MDB, which he calls “the great grandmother of all scandals”.

He made a series of scurrilous videos about the fund and its alleged connection to Mr Najib.

But now Mr Pua’s party is in government and he has been employed as a special officer to the finance minister to look through the mountains of documentation related to 1MDB.

Before his current job, he said he worked with “dribs and drabs” of information about 1MDB – but not any more. “Now, anything you ask for, the tap opens like a beer barrel,” he told the BBC in an interview at the ministry.

.

17 July 2018

..

zzzj1.jpg
zzzjj1.JPG

Jho Low broke law on dual citizenship, says immigration chief

July 14, 2018

He says the embattled businessman’s other passport carries the same name.

SEPANG: Businessman Low Taek Jho, or Jho Low, is believed to be using this same name on the Saint Kitts and Nevis passport which he possesses, said Immigration director-general Mustafar Ali.

“We find that he is still using the same name (Low Taek Jho) on the passport,” he said, adding that it was an offence for a Malaysian citizen to carry two passports.

“We don’t practise dual citizenship. Every citizen must have one nationality and one Malaysian passport,” he told reporters today.

He said the Immigration Department continued to cooperate with counterparts throughout the world, besides the police, Interpol and the Malaysian Anti-Corruption Commission (MACC), in tracking down Jho Low.

8 June 2018

Jho Low is in a country where he can’t be extradited, says PM

Annabelle Lee  |  Published on  |  Modified on

Prime Minister Dr Mahathir Mohamad today confirmed attempts by Malaysian authorities to arrest 1MDB-linked businessperson Jho Low.

Speaking at a press conference in Putrajaya, Mahathir, however, revealed a snag in the process as Malaysia did not have existing extradition arrangements with the undisclosed country where Low is believed to be hiding.

“We are trying to arrest Jho Low but he is not in the country (Malaysia) and we don’t have extradition rights in the country where he is staying,” said Mahathir when asked to confirm reports that an arrest warrant had been issued for Low.

MACC seeks to arrest Jho Low, Nik Faisal, Shahrol

Published on  |  Modified on

Arrest warrants have been issued against 1MDB-linked businessperson Jho Low and SRC International director Nik Faisal Ariff Kamil.

An MACC source told Malaysiakini that the warrants for the duo had been issued several days ago.

Citing sources, Bloomberg also reported that the MACC is also preparing arrest warrants against former 1MDB chief executive officer Shahrol Halmi, and former Goldman Sachs banker Roger Ng.

Earlier today, the MACC had issued a notice urging Low and Nik Faisal to come forward and assist with investigations into SRC International, a former 1MDB subsidiary.

Ng was previously reported to have dealings with fellow former Goldman banker Tim Leissner, who was instrumental in arranging for three bonds for 1MDB the proceeds of which were later allegedly syphoned off.

25 May 2018

Guan Eng asks IRB to probe Jho Low and family

KUALA LUMPUR: Finance Minister Lim Guan Eng has asked the Inland Revenue Board (IRB) to investigate financier Low Taek Jho and his family in relation to 1Malaysia Development Berhad (1MDB), the state fund at the heart of massive anti-corruption probe.

Lim Guan Eng said in a tweet: “The Inland Revenue Board is asked to investigate Jho Low and his family in relation to any returns or anything received in the 1MDB scandal.”

21 May 2018

..

zzzjjhoo.JPG

..

WSJ: Jho Low was in Phuket waiting for Najib to win GE14

Published on  |  Modified on

zzzjho

Penang-born businessperson Low Taek Jho, the alleged mastermind behind the 1MDB affair, was in Phuket, Thailand a few days before Malaysia’s 14th general election, reported the Wall Street Journal (WSJ).

https://www.malaysiakini.com/news/425994

3h3 hours ago

1MDB ‘mastermind’ Jho Low flee Thailand after being spotting relaxing in Phuket, Macau, Shanghai and Bangkok before the elections

May 17

Report: Jho Low likely to be in Taiwan

Published on  |  Modified on

A Chinese daily has claimed that Penang-born businessperson Jho Low is likely to be currently residing in Taiwan.

According to Nanyang Siang Pau, it had “reliable information” of Low’s whereabouts, but did not specify details.

The report speculated that extraditing Low would be difficult as Malaysia and Taiwan do not have formal diplomatic relations…

https://www.malaysiakini.com/news/425567

Advertisements
This entry was posted in Uncategorized and tagged . Bookmark the permalink.

One Response to This post is now, “Wanted: Jho Low and his father, Tan Sri Low Hock Peng.”

  1. Doris Looi says:

    Phuket or Thailand

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s