Fugitive Malaysian 1MDB financier Jho Low offered asylum: Spokesperson

Fugitive Malaysian 1MDB financier Jho Low offered asylum: Spokesperson

Jho Low file photo
Fugitive businessman Jho Low. (File photo: Bernama)

KUALA LUMPUR: A Malaysian financier wanted for his role in the multi-billion-dollar 1MDB financial scandal has been offered asylum abroad, his spokesman said Friday (Nov 1), as reports surfaced he was in the Middle East.

The news came a day after US officials announced that Low Taek Jho had struck a settlement to forfeit assets worth US$700 million, including a Beverly Hills hotel and a private jet, as part of efforts to recover stolen cash.

READ: In record deal, US to recover US$1 billion from Malaysian fugitive Jho Low

READ: Malaysia to make claim over 1MDB assets: PM Mahathir

The jet-setting former unofficial adviser to 1Malaysia Development Berhad allegedly played a key role in plundering the sovereign wealth fund, in a fraud that also purportedly involved former premier Najib Razak.

The whereabouts of Low, who has been charged over the scandal in the US and Malaysia, are a mystery but his representatives now say he has been offered asylum, without naming a country.

"We understand that Mr Low was offered asylum in August 2019 by a country that acts in accordance with the principles of the United Nations Universal Declaration of Human Rights and European Convention on Human Rights," a spokesperson for Mr Low, through his attorneys, told AFP.

The spokesperson did not provide further details.

READ: Jho Low’s fantastic Houdini disappearing act

READ: Superyacht linked to Malaysia's 1MDB scandal on sale again

But online news portal The Malaysian Insight reported that Low was in the United Arab Emirates (UAE) and had been travelling between Kuwait, Saudi Arabia and other parts of the Middle East since June, citing unidentified sources.

Low, who has denied any wrongdoing, was previously reported to be in China.

Former Malaysian Prime Minister Najib Razak's long-ruling government was booted from power last year in part due to the 1MDB scandal, and the ex-leader has been charged and put on trial.

After the announcement that Low would relinquish assets under the largest ever US civil forfeiture, Prime Minister Mahathir Mohamad said Malaysia would ask America to hand over what it has recovered from Low.

READ: Malaysia’s top cop says he knows Jho Low’s location, guarantees safety if he returns

READ: 1MDB - Malaysia's extraordinary financial scandal

"We have proof that this is our money and will make a claim with the US government," he was quoted as saying in The Star newspaper.

Malaysian police have previously said that they hoped to bring Low back home by the end of the year to stand trial.

POLICE DISMISSED CLAIMS OF JHO LOW LIVING IN UAE  

Meanwhile, on Friday, Inspector-General of Police Abdul Hamid Bador said claims that Low is in the UAE are all lies and folk tales.

According to Bernama, Mr Abdul Hamid said it was illogical and impossible for a person who is wanted in several countries and widely known as a key figure involved in international money laundering investigations to enter the UAE easily.

READ: Mahathir says no to Goldman's 1MDB offer of under US$2 billion: FT

He added that the UAE has strict security systems, including controls at the airport, and the authorities there have established good rapport with the Malaysian police.

"I do not know where this story originated from and I am interested in meeting this person. I wish to state that we are aware of Jho Low’s whereabouts but some people are protecting him ... just give me some time.

"I will not stop efforts in tracking down and bringing back this criminal. If he is not a criminal or has been framed, there is no need to panic, please come home. I will assure that he will be dealt with according to the law," Mr Abdul Hamid said.

Source: AFP/Bernama/ic/aa

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