1MDB scandal: Jho Low faces new charge of engaging in criminal conspiracy with former PM Najib

1MDB scandal: Jho Low faces new charge of engaging in criminal conspiracy with former PM Najib

TheIndependent_Asia·2020-02-12 19:01

Kuala Lumpur—Fugitive Malaysian financier Low Taek Jho is now facing additional charges related to the 1MDB scandal.

Mr Low, popularly known as Jho Low, is now being charged with engaging in criminal conspiracy with Najib Razak, the former Prime Minister of Malaysia, who is himself facing numerous charges related to the sovereign wealth scandal and is currently on trial for corruption.

Two other individuals have had charges brought against them: Tarek Obaid and Patrick Mahony, directors of PetroSaudi International. Messrs Mahony and Obaid are facing additional money laundering charges for having received US$300 million (S$ 415 million) from 1MDB via illegal means, brought forward by the Malaysian Anti-Corruption Commission (MACC) on February 10. These are the first charges brought against Messrs Obaid and Mahony in Malaysia.

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Crime Corruption SE Asia