Kuwait Court Sentences Jho Low in Absentia for 1MDB 

1 min read
Jho Low, Anwar Power
Image of the fugitive from Wikipedia.

A court in Kuwait convicted businessman Jho Low in absentia yesterday on charges of money laundering related to the 1MDB scandal. According to Kuwaiti newspaper Al-Qabas, a sheikh, along with his associate and two foreign nationals. 

Jho Low and 1MDB 

They were also sentenced to ten years in prison, while a lawyer was sentenced to seven years, all on charges related to the illicit transfer of Malaysian funds. They were also ordered to repatriate $1 billion (RM4.4 billion) and pay a fine of KD145 million (RM2 billion). The newspaper did not name the sheikh, his associate, or the lawyer, but referred to them as “Malaysian funds.” 

The report also identified one of the foreign nationals as Jho Low and French-Syrian businessman Bachar Kiwan. The report claimed that this was the largest money laundering case, involving illicit Chinese currency and knowing that it was the proceeds of crime from Malaysia’s investment fund.

Latest Malaysia News In Brief, contact us

Read More News @LatestMalaysia

Lasibi, A Father Dies Saving Son From Drowning in Malaysia

This is a very sad story and it will be one that will be told many times by the family, we believe…..

More Images

Jho Low
Image of the fugitive from Wikipedia.

Leave a Reply

Previous Story

No Political Party Promotions In University Campuses 

Next Story

Tun Mahathir Slams Government AGAIN In Fresh Tirade 

Latest from Blog

0 $0.00
%d bloggers like this:
Verified by MonsterInsights