The High Court (civil division) on Tuesday (March 15) granted a Mareva injunction sought by 1Malaysia Development Bhd (1MDB) and its four subsidiaries to bar a total of US$1.432 billion from being transferred or dissipated by fugitive businessman Low Taek Jho (aka Jho Low) and his father Tan Sri Larry Low Hock Peng from Malaysia or elsewhere.
KUALA LUMPUR: Fugitive businessman Low Taek Jho, better known as Jho Low, was the shadow director of 1Malaysia Development Bhd (1MDB) and its subsidiaries as he ran it as a proxy of Datuk Seri Najib Razak, the company claims.
Fugitive financier Low Taek Jho or Jho Low asserts that the "global, comprehensive resolution" between him and the US Department of Justice that was reached in 2019 has absolved him of any claims of wrongdoing in the 1Malaysia Development Bhd saga.
PETALING JAYA: Fugitive businessman Low Taek Jho (pic) maintains he does not hold any official position in 1Malaysia Development Bhd (1MDB) or its four subsidiaries.
Fugitive businessman Low Taek Jho or Jho Low has defended himself that he has no any position or any fiduciary duty in 1Malaysia Development Berhad (1MDB) and its four subsidiaries