In recent news, it was reported that the Malaysian fugitive, Jho Low has been allegedly arrested and charged. You are required to read the article for more details and information about the case. Follow us around for all the insights and fresh updates at the dainikbidyaloy.
Jho Low Arrested And Charged
Shockingly, it was reported that Jho Low, the brain behind the 1MDB scam, is still at freedom after being arrested in absentia in Malaysia and the US. It was known that Jho Low, a Malaysian businessman accused of masterminding one of the biggest financial scandals in history. The 1MDB scandal, which involved the embezzlement of billions of dollars from a state-owned investment fund, has destroyed Malaysia. He has also been on the race in front of authorities since 2015 and his whereabouts are at the moment, not known. However, in 2015, the 1MDB scandal was exposed, and low fled Malaysia has been on the run ever since.
He was therefore accused of money laundering, conspiring to conduct money laundering, and breaking the Foreign Corrupt Practices Act in the United States in 2018, refuting each and every accusation. Here’s the reason for Low’s arrest and charge case. Currently, Low is accused of using his connections to former Malaysian Prime Minister Najib Razak to steal billions of dollars from 1MD, which is a state-owned investment fund. Reportedly, the money was allegedly used to finance Low’s lavish lifestyle, including purchasing luxury properties, artworks, and jewels. He has also been accused of bribing foreign officials and laundering money through these companies.
As per the reports, the former was accused of money laundering as well as breaching the Foreign Corrupt practices act to conduct money laundering in the US in 2018. Additionally, it has been reported that Jho Low’s sidekick, Jasmine Loo has also been arrested. Jasmine Loo a former general counsel for 1MDB and a close connection of Jho Low was also arrested last Saturday by Malaysian police on criminal breach of trust charges. Her arrest was held under Section 409 of the penal code, which carries a maximum sentence of 20 years in prison. She is accused of misappropriating millions of rings from 1MDB with Low. Continue reading for more details.
It was known that Loo’s arrest is a vital development in the ongoing 1MDB scandal. Knowingly, she is the first person to get arrested in Malaysia in connection with the scandal since the fall of the Barisan Nasional government in 2018. According to reports, Loo was one of the go-betweens used by Jho Low, a wanted businessman, to steal millions of rings from the sovereign state fund. Currently, Low is a fugitive from justice. He has not been arrested or charged in Malaysia, his whereabouts are currently unknown. Reports suggest that Low is being held under house arrest in China, though these are not confirmed by any of the sources. His legal team has denied that he is being held under house arrest and said that he has full liberty to travel.