More than RM48 million seized from seven bank accounts belonging to Larry Low Hock Peng, the father of fugitive businessperson Low Taek Jho or Jho Low, who was charged in the 1MDB scandal, now belongs to the Malaysian government.

This follows High Court judge Mohamed Zaini Mazlan’s order that the money is forfeited by the government after MACC deputy public prosecutor, Shafinas Shabudin as the applicant announced there was no third-party present in court to claim the money amounting to RM48,491,064...