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Police have filed criminal charges against fugitive businessman Low Taek Jho or Jho Low and
his father over money allegedly stolen from 1 Malaysia Development Berhad (1MDB).
By Rahmat Khairulrijal - August 24, 2018 @ 2:24pm
KUALA LUMPUR: Police have filed criminal charges against fugitive businessman Low Taek
Jho or Jho Low and his father over money allegedly stolen from 1 Malaysia Development
Berhad (1MDB).
Online business portal, The Edge Markets, had said Low and his father Tan Sri (Larry) Low
Hock Peng were charged with money laundering.
The court papers were registered with the Sessions Court in Putrajaya this morning and warrants
of arrest for the duo were also sought.
Jho Low was slapped with a total of eight charges under Section 4(1)(a) of the Anti-Money
Laundering and Anti-Terrorism Financing Act 2001, according to documents sighted by The
Edge.
His father, Larry, faces one charge of transferring US$56 million to his son.
1) On or about Dec 26, 2013 he engaged in money laundering in that he received monies
amounting to US$62.299 million being the proceeds of unlawful activity from the account of
DLA Piper US LLP in Citibank NA bearing number 2185115 into his account at BSI Bank Ltd
in Singapore bearing number 6C02328A
6) On or about Feb 18, 2014 he engaged in money laundering in that he transferred monies
amounting to 17.5 million euros being proceeds from unlawful activity from his account
(6C02328B) in BSI Singapore into the account (0204420317251001) of World View Ltd,
Cayman Islands, in Caledonian Bank Ltd