News

Jho Low gives up US$1bil in assets to settle 1MDB suits

Published on 31 Oct 2019 8:20:25 PM

The US Department of Justice has struck a deal with fugitive financier Jho Low in which it will recoup almost US$1bil (RM4.18bil) of money looted from the Malaysian investment fund 1MDB, in what would be the biggest recovery from an American anti-corruption crackdown.

The proposed settlement was filed on Wednesday in a California court.

Read more at https://www.thestar.com.my/news/nation/2019/10/31/jho-low-gives-up-us1bil-rm418bil-in-assets-to-settle-1mdb-suits