Jho Low's Sister & Associate Fail to Appear in Court, Both Ordered to Pay 1MDB a Whopping ~RM11.5 Billion

Jho Low's Sister & Associate Fail to Appear in Court, Both Ordered to Pay 1MDB a Whopping ~RM11.5 Billion

The Kuala Lumpur High Court has ordered an associate, as well as the sister of fugitive businessman Low Taek Jho, more commonly known as Jho Low, to pay nearly USD2.8 billion (~RM11.578 billion) to 1Malaysia Development Bhd (1MDB) for their role in receiving and concealing misappropriated funds. According to a report by Sinar Harian, Judge Mahazan Mat Taib made the decision after allowing 1MDB and its 4 subsidiaries as plaintiffs to enter a defa…

KL court orders Jho Low’s sister and associate to pay $4.7b to 1MDB

The judgment in default was granted by the court, as both did not attend the trial. Read more at straitstimes.com.

Court orders Jho Low's sister and associate to pay RM11.58bil to 1MDB

KUALA LUMPUR: The High Court here has ordered the sister of fugitive businessman Low Taek Jho and his close associate Eric Tan to pay close to US$2.8bil (RM11.58bil) to 1Malaysia Development Bhd (1MDB) over "tainted proceeds" that belonged to the sovereign wealth fund.