fbpx
Connect with us

News

Jho Low & His Dad Get 9 Criminal Charges for Allegedly Stealing 1MDB Money

Published

Report: 8 Charges Against Jho Low &Amp; His Dad For Alleged Money Laundering In 1Mdb - World Of Buzz
Source: Art Net

Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.

It’s beginning to happen, guys!

The police have filed criminal charges against Low Taek Jho (commonly known as Jho Low) and his father over alleged involvement in the 1Malaysia Development Bhd (1MDB) graft-scandal.

The Star reported that Low and his father Tan Sri Low Hock Peng were charged for money laundering “in absentia” by the Commercial Crime Investigation Department (CCID) of the police and the Attorney General’s Chambers. 

015934902

Source: the star

The two authorities registered the court papers on Friday (24 August 2018) in Putrajaya and they pursued a warrant of arrest for both men. A legal source was quoted as saying,

“With the registration of the charges, the next step is to seek an extradition.”

Prior to this, Jho Low has notably denied stealing 1MDB’s money and claimed that his wealth is an inheritance from his family. They must be crazy rich then! 

1Mdb Reuters 1

Source: fmt

Nonetheless, court documents revealed that eight charges under Section 4(1)(a) of the Anti-Money Laundering and Anti-Terrorism Financing Act, 2001 (Act 613) were filed against Jho Low.

The report further stated that five out of eight charges were for transferring money, while three charges were for accepting money. On the other hand, his father has a lawsuit filed against him for transferring USD56 million (RM230 million) to his son, Jho Low.

Jho Low Getty Images 1024X828

Source: art net

All in all, as much as USD261 million (more than RM1 billion) was received by him and USD196 million (RM805 million) cash was transferred to him. 

All transactions of the money were done separately using different accounts of BSI Bank, Singapore from December 2013 up until June 2014. It was noted that most of that money was used to purchase the USD250 million (approx. RM1.03 billion) superyacht, Equanimity, which was seized by the Malaysian authorities two weeks ago.

1 115685L 1280X720

Source: boat

It looks like Jho Low is in hot water now! Hopefully, Jho Low will turn up for the court proceeding so that the authorities can soon find a permanent solution to this problem.

What do you think of these charges against Jho Low? Let us kn0w in the comments below! 

 

Also read: Jho Low Runs From Macau to China, Believed to Be Using Multiple Passports

Jho Low Runs From Macau To China, Believed To Be Using Multiple Passports - World Of Buzz 3


Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.

Just In

Feat Image New Fuel Mechanism Feat Image New Fuel Mechanism
News9 hours ago

“BMW can’t get the same subsidies as Kancil”, Govt To Introduce New Targeted Fuel Mechanism

Senior Minister and International Trade and Industry Minister Datuk Seri Mohamed Azmin Ali has announced that the federal government is...

My Post 2022 05 20T145347.412 My Post 2022 05 20T145347.412
News1 day ago

Johor Experiences Shortage In Nurses As They Prefer Working In Singapore For Better Salaries

It appears that Johor is having a severe shortage of nurses, leading the state government to arrange for a meeting...

Ft Parlimen Ft Parlimen
News2 days ago

“Parliament proceedings are toxic & like pasar malam” – Ex Parliament Speaker Recalls His Experience

Parliament is a place intended for our representatives to debate on reforms and important issues. However, in Malaysia, there appears...

Ft India Ft India
News2 days ago

Space Debris Mysteriously Found in 3 Areas in India, Suspected to be From Chinese Rocket

Although it is rare to get hit by space debris, it appears that it is becoming a regular occurrence in...

My Post 2022 05 19T131546.749 My Post 2022 05 19T131546.749
News3 days ago

PDRM On Lookout For BMW Driver For Braking Abruptly Several Times To Purposely Bother Other Drivers

The police are currently in the process of tracking down the driver of a white BMW, after the driver was...

Ft Swallow Ft Swallow
News3 days ago

UK Single Mother Forced to Undergo Surgery After Accidentally Swallowing a Covid-19 Swab Test

We often hear of people swallowing things which they are probably not meant to, such as coins, nails and even...

Ft Database Ft Database
News3 days ago

Another Database Allegedly Leaked & on Sale For Almost RM44,000, Has Information on 22.5 MILLION M’sians

Just 8 months ago 2 huge database were put up for sale on a well-known marketplace forum. One of the...

Plastic Bag Charge All States Plastic Bag Charge All States
News3 days ago

Minister: All States Agree On Min. RM0.20 Pollution Charge Per Plastic Bag To Combat Single Use Plastic

We use a lot of plastic bags in our daily life, especially when we tapau lunch or go to get...

Announcement

Latest Videos



TRENDING TODAY