Fugitive Low Taek Jho and his father Tan Sri Larry Low Hock Peng have been sentenced to prison by the High Court on Monday (Oct 17) for not abiding by the Mareva injunction, or order to freeze their assets, granted to 1Malaysia Development Bhd (1MDB) and its subsidiary Global Diversified Investment Company Ltd last April 20.
KUALA LUMPUR: 1Malaysia Development Berhad (1MDB) has been allowed by the High Court here to serve a writ of summons amounting to US$3.7837bil to the sister and younger brother of fugitive businessman Low Taek Jho, or Jho Low, who are currently abroad.
KUALA LUMPUR, May 25 Fugitive businessman Low Taek Jho or Jho Low and his father have failed to set aside a court order preventing them from transferring or dissipating any of.
Datuk Seri Najib Tun Razak has claimed that the US$8 billion civil suit filed against him by 1Malaysia Development Berhad (1MDB) and its four subsidiaries is an abuse of the court process as the names of the actual wrongdoers behind the massive loss suffered by the sovereign wealth fund were removed from its legal action