Singapore seized Jho Low’s private jet in Feb 2017…
12 August 2018
After superyacht, Putrajaya to bring back Jho Low’s private jet
SERDANG, Aug 12 — The federal government is seeking seizure of Low Taek Jho’s private jet which is currently grounded in Singapore, Tun Dr Mahathir Mohamad said today, just days after taking control of the fugitive tycoon’s yacht, Equanimity.
The Prime Minister said today his administration has already started work into recovering the private jet that is also believed to have been bought with money “stolen” from sovereign investment fund 1Malaysia Development Berhad (1MDB).
“We are trying to get back all the money that has been stolen from us,” he told reporters after visiting an art exhibition at the Perdana University here.
After Equanimity, Putrajaya sets sights on Jho Low’s jet
The US$35 million jet was seized by Singaporean authorities in 2017.
KUALA LUMPUR: Putrajaya is now looking to seize a private jet belonging to businessman Low Taek Jho, or Jho Low, which was impounded by Singaporean authorities in 2017.
This comes days after Low’s luxurious yacht was handed over to the Malaysian government by the Indonesian authorities which had seized it.
“We have to bring the jet back,” Dr Mahathir Mohamad said after visiting an art exhibition here.
The prime minister was asked to comment on reports that his administration was considering bringing the jet back to Malaysia.
It was reported last year that the US$35 million Bombardier Global 5000 was impounded by Singaporean authorities and grounded at the Seletar Airport.
The aircraft is part of some US$1 billion in assets allegedly acquired with funds misappropriated from 1MDB.
Singapore seizes jet of Malaysian tycoon in center of 1MDB scandal: Reports
A private jet belonging to Malaysian tycoon Low Taek Jho — who is under investigation for his involvement in the scandal-hit Malaysian sovereign wealth fund 1Malaysia Development Berhad (1MDB) – has been seized by Singapore authorities, media in both Singapore and Malaysia reported.
That jet registration information had been listed by the U.S. Department of Justice in a court document last July about assets of Low’s that it was looking to seize. The filing, connected to recent developments by Sarawak Report, was part of investigations into alleged corruption and money laundering involving 1MDB funds.