Fugitive businessman convicted in absentia for money laundering
(The Vibes) - Wanted fugitive Low Taek Jho, better known as Jho Low, was convicted in absentia yesterday in a Kuwaiti court for money laundering charges in relation to the 1Malaysia Development Bhd (1MDB) scandal.
According to a r
Jho Low sentenced to 10 years in prison by Kuwaiti court in absentia theonlinecitizen.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theonlinecitizen.com Daily Mail and Mail on Sunday newspapers.
International fugitive Jho Low has been sentenced in absentia to 10 years in a Kuwait prison for his role in laundering a minimum of $1 billion connected to $4.5 billion that was stolen from the Malaysian sovereign wealth fund known as 1MDB, according to reports.
The royal businessman has been sentenced to ten years in jail for having cooperated with Jho Taek Low, proxy to the convicted ex-Malaysian PM, Najib Razak, in laundering hundreds of millions of ringgi.
KUALA LUMPUR, Sept 4 The Malaysian Anti-Corruption Commission (MACC) denied today a news report alleging it was circumventing investigations into some RM8 billion of stolen.