Malaysia confirms arrest of 1MDB's ex-lawyer Jasmine Loo
A 1Malaysia Development Berhad billboard is seen at the Tun Razak Exchange development in Kuala Lumpur on Jul 6, 2015. (File photo: Reuters/Olivia Harris)
PUTRAJAYA: Former 1Malaysia Development Berhad (1MDB) lawyer Jasmine Loo Ai Swan was arrested on Jul 7 to assist in investigations into the misappropriation of funds, Malaysian Home Minister Saifuddin Nasution Ismail confirmed on Wednesday (Jul 12).
Mr Saifuddin said Ms Loo was arrested at the Dang Wangi district police headquarters (IPD) in Kuala Lumpur.
He added that Ms Loo, through her lawyer, was said to be willing to cooperate with the police investigation in the 1MDB case.
“Loo will assist the police and the Malaysian government (to) investigate the 1MDB case,” he said without revealing further details, including her remand period.
On Jan 20, the Kuala Lumpur High Court allowed the prosecution's application to forfeit the rights to two luxury cars and money amounting to RM22,600 (US$4,860) belonging to Ms Loo.
The court also allowed the application of a third party, namely OCBC, to claim a condominium unit in Mont Kiara, which was seized from Ms Loo.
She is said to be a close associate of fugitive businessman Low Taek Jho, better known as Jho Low, who is wanted for his key role in the multibillion-dollar 1MDB scandal.
