World News - KUALA LUMPUR (THE STAR/ASIA NEWS NETWORK) - The High Court here has granted an ad interim injunction against fugitive financier Low Taek Jho, or Jho Low, to prevent him from transferring or dissipating his assets in Malaysia amounting to US$1.03 billion (S$1.4 billion) in a lawsuit. Read more at www.tnp.sg
KUALA LUMPUR: The High Court here has granted an ad interim injunction against fugitive financier Low Taek Jho, or Jho Low, to prevent him from transferring or dissipating his assets in Malaysia amounting to US$1.03bil (RM8.14bil) in a lawsuit filed by 1Malaysia Development Bhd (1MDB) and its subsidiaries.
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.