‘Jho Low 2’: Malaysia says Tedy Teow has fled to Thailand after US$83 million Macau scam
- Police believe the fugitive businessman is hiding in Thailand with his children after a scam based on cryptocurrency and high-end property
- Case has earned Teow the moniker ‘Jho Low 2’ over comparisons to the mastermind of the 1MDB scandal
An enigmatic Malaysian businessman with links to the rich and famous disappears, apparently fleeing the country and leaving in his wake hundreds of millions of missing ringgit, a string of angry investors and a host of questions about how this could have been allowed to happen.
The comparisons with Jho Low and the allegations against Teow are colourful to say the least. Like Low, Teow hails from Penang and appears to have had a penchant for the silver screen. While Low invested US$100 million in the Hollywood movie The Wolf of Wall Street, a Hong Kong movie database gives Teow a presenting credit for All My Goddess, a Cantonese-language film starring Maggie Cheung Ho-yee.
Police believe Teow, 55, was the mastermind behind a syndicate that tricked people in the Chinese Special Administrative Region into investing their money in bogus companies, the “directors” of which were apparently drug users paid 15,000 ringgit (US$3,700) a month by Teow.
