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Arrest warrant issued against Jho Low, four others

Hafiz Yatim

Published
Modified 4 Dec 2018, 8:20 am

The Kuala Lumpur Magistrate's Court has issued arrest warrants against fugitive businessperson Jho Low and four others, according to news reports.

The four were Low's aide Eric Tan Kim Loong, former 1MDB general counsel Loo Ai Swan, former 1MDB executive director Tang Keng Chee and ex-1MDB official Geh Choh Heng.

Earlier today, charges were levelled against the five in absentia at the Sessions Court but were not read before a judge.

Five money-laundering charges were filed against Low, whose real name is Low Taek Jho, totalling US$1.03 billion.

He also faces a separate joint charge in absentia with Tan Kim Loong for money laundering amounting to US$125.97 million.

This - according to The Edge Markets report - to the amounts of US$700 million, US$30 million, US$65 million, US$110 million and US$125 million in proceeds of unlawful activity moved from 1MDB's RHB bank account into Good Star Ltd’s RBD Coutts Bank AG account in Zurich.

He also faces a separate joint charge in absentia with Tan Kim Loong for money laundering amounting to US$125.97 million.

The Edge further reported that a money-laundering charge for the amount of US$5.99 million was filed against Loo while Tang had US$2.41 million criminal breach of trust and money laundering charge filed against him. Geh was slapped with a US$125 million money-laundering charge.

All of the charges were made in absentia.

Jho Low is also facing multiple criminal charges in relation to 1MDB along with Goldman Sachs banker Tim Leisner and Goldman's Roger Ng Chong Hwa at a federal court in New York.

On Aug 24, it was reported that Jho Low and his father, Larry Low Hock Peng were also charged in absentia at the Putrajaya Sessions Court in relation to the misappropriation of 1MDB money for which Jho Low faces eight counts of money laundering while his father faces one charge.

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