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Bloomberg

Singapore authorities said they are still pursuing Malaysian fugitive Low Taek Jho in connection with a multibillion-dollar scandal related to 1Malaysia Development Bhd.
A deal with the US Justice Department in June to settle civil actions against Low and his family “has no bearing” on Singapore’s criminal probe, the city state’s police force said in an emailed statement on Tuesday.

An Interpol Red Notice seeking the location and provisional arrest of the financier, better known as Jho Low, remains in effect, the police said.
Singapore charged Low in absentia and issued a warrant of arrest in 2016. Low has repeatedly declared his innocence in the past.
Malaysia has been seeking to recoup over US$4.5 billion which allegedly vanished from the state fund.
The case has embroiled Goldman Sachs and Hollywood. It’s also created political upheaval in Malaysia with former Prime Minister Najib Razak losing the election in 2018 and being jailed in 2022 for his role in the scheme.
Singapore authorities have obtained court orders to release about S$103 million (US$76.6 million) of the seized 1MDB-related funds to the Malaysian government, according to the statement.
About S$164 million of 1MDB-related assets in Singapore remain seized or prohibited from disposal.


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1MDB scandal: Singapore refuses to give up pursuit of Jho Low, unfazed by US deal

Jho Low pictured in 2015. An Interpol Red Notice seeking his provisional arrest remains in effect. Photo: Sam Tsang

Jho Low attends a US charity event with American fashion model Gigi Hadid in 2014. Photo: Getty Images/AFP

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Singapore’s Law Minister K Shanmugam. Photo: Handout

People walk at the Geylang Serai Ramadan Bazaar in April. Singapore has strict laws governing race relations. Photo: EPA-EFE

The Speakers’ Corner in Singapore in 2020. The authorities in October banned public events related to the war. Photo: Shutterstock

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Singapore dollar banknotes. From January 2019 to June this year, Singapore confiscated S$6 billion (US$4.4 billion) connected to illicit activities. Photo: EPA-EFE

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Fugitive Malaysian financier Jho Low pictured in 2015. Photo: AP

Malaysian police chief Abdul Hamid Bador. Source: Royal Malaysian Police Facebook page

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Former Malaysian prime minister Najib Razak after being convicted in July 2020. Photo: AP

epa07305718 Malaysia's Prime Minister Mahathir Bin Mohamad speaks during a press statement after his meeting with Austrian Chancellor Sebastian Kurz (not pictured), at the Ferderal Chancellery in Vienna, Austria, 21 January 2019. Malaysia's Prime Minister Mahathir Bin Mohamad is on a working visit in Vienna. EPA-EFE/FLORIAN WIESER

Interview with Jho Low, CEO of Jynwel Capitial Limited, at his office in Central. 11MAR15

Former Malaysian Prime Minister Najib Razak and his wife Rosmah Mansor wave to their supporters as they exit the High Court of Malaya, in Kuala Lumpur, Malaysia, Monday, July 9, 2018. Najib was charged last Wednesday with criminal breach of trust and corruption, two months after a multibillion-dollar graft scandal at a state investment fund led to his stunning election defeat. (AP Photo/Yam G-Jun)

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Asia

Southeast Asia

A deal with the US Justice Department to settle civil actions against Low ‘has no bearing’ on Singapore’s investigation, police say


A deal with the US Justice Department to settle civil actions against Low ‘has no bearing’ on Singapore’s investigation, police say.


Malaysia 1MDB scandal

Jho Low