The government has filed a civil forfeiture action to freeze seven bank accounts belonging to Jho Low's father Larry Low Hock Peng, said to be worth RM48 million., the money the government is seeking to freeze and recover is believed to be from 1MDB."We believe the monies were transferred from foreign companies that is said to be done by Hock Peng's son Low Taek Jho ," the report quoted a source as saying.
The civil forfeiture application was reportedly filed today at the Kuala Lumpur High Court, under Section 56 of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001.stated that this would allow the government to forfeit property without a prosecution.This comes after the policethe seizure of his family home as an attempt by Prime Minister Dr Mahathir Mohamad to score political points.
"The Low family property was built and completed around twenty years ago, during Mahathir’s previous administration. "This was more than a decade before 1MDB ever existed and at that time Mr Low was still a teenager," a spokesperson for Low had said, following the seizure.In Aug last year, Low and Hock Peng were
at the Putrajaya Sessions Court in relation to the misappropriation of 1MDB money, for which Low faces eight counts of money laundering while his father faces one charge.To post or ‘like’ comments on Malaysiakini stories, you will need to sign in with an active paid subscription.
You reap what you sow. Serve them right & hopefully the others like Jibby, his family, Arul the snake & cohorts will be punished too
👏🏻👏🏻👏🏻👏🏻
Fatty is spending money from his swiss account. Malaysia assets is just a tip of an ice berg
His parents go down in a hole because of what he did and yet he hides himself to save his own skin. Only ball-less coward would do this!
A family of crime
Freeze everything that is linked to him. That the best strategy.