Fugitive financier Low Taek Jho or Jho Low and his father Tan Sri Larry Low Hock Peng have reportedly been sentenced to prison by the High Court for failure to abide by a Mareva injunction granted to 1MDB and its subsidiary Global Diversified Investment Company Ltd.
A Mareva injunction is a temporary order which restrains the defendant from disposing of assets until the determination of the case between the plaintiff and the defendant.
Following this, both Jho Low and Hock Peng can be sentenced to prison until they purge the contempt imposed on them.
