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.
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