Malaysian fugitive financier, 4 others face new 1MDB chargesDecember 5, 2018
Kuala Lumpur: Malaysian police say they have filed new criminal charges against fugitive financier Low Taek Jho and four others over the multibillion-dollar looting of state investment fund 1MDB.
Construction workers chat in front of a billboard for state investment fund 1 Malaysia Development Berhad (1MDB) in Kuala Lumpur, Malaysia.Credit:AP
Low is wanted for his alleged role as the mastermind in a massive money laundering and bribery scheme that pilfered billions of dollars from the indebted 1MDB fund.
He remains at large but maintains his innocence.
Last month, US prosecutors charged Low and two former Goldman Sachs bankers with conspiracy to launder 1MDB money.
Malaysian Police Chief Mohamad Fuzi Harun said Low and four others were charged Tuesday with 13 money laundering and criminal breach of trust offenses involving losses of $1.17 billion of 1MDB funds.
On Wednesday he said arrest warrants have been issued for the five, who had fled Malaysia.
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