Jho Low Arrested and Charged, Where was Jasmine Loo arrested? What did Jho Low do?
by Rubaditsha | Updated Jul 13, 2023
Jho Low Arrested and Charged
According to recent news reports, Jho Low, a Malaysian fugitive and the alleged mastermind behind the 1MDB scandal, has been arrested and charged. The 1MDB scandal involves the embezzlement of billions of dollars from a state-owned investment fund and has caused significant damage to Malaysia. Jho Low, a Malaysian businessman, has been accused of orchestrating this massive financial fraud.
Jho Low has been on the run since 2015, after the exposure of the 1MDB scandal. Despite being arrested in absentia in Malaysia and the United States, he had managed to evade authorities until now. The exact details of his arrest, such as the location and circumstances, are not specified in the information provided.
In 2018, Jho Low faced accusations of money laundering, conspiring to conduct money laundering, and violating the Foreign Corrupt Practices Act in the United States. He has denied these allegations, refuting each and every one of them. The charges against Jho Low primarily revolve around his alleged use of connections with former Malaysian Prime Minister Najib Razak to siphon off billions of dollars from 1MDB.
It is believed that he utilized his influence and relationships to misappropriate funds from the state-owned investment fund. The embezzled money was reportedly used to fund Jho Low's luxurious lifestyle, including the purchase of high-end properties, artwork, and jewelry. Additionally, he has been accused of bribing foreign officials and utilizing various companies to launder money.
Furthermore, it has been reported that Jho Low's associate, Jasmine Loo, has also been arrested in connection with the 1MDB scandal. Loo, a former general counsel for 1MDB, was apprehended on charges of criminal breach of trust. She is accused of colluding with Jho Low to misappropriate millions of ringgits from the state fund. Loo's arrest is seen as a significant development in the ongoing investigation, as she is the first person to be arrested in Malaysia in connection with the scandal since the change in government in 2018.
Despite these recent developments, Jho Low's current whereabouts remain unknown. While there are reports suggesting that he might be under house arrest in China, these claims have not been officially confirmed. Jho Low's legal team denies that he is being held under house arrest and maintains that he has the freedom to travel.
Where was Jasmine Loo Arrested?
Jasmine Loo Ai Swan, the former lawyer of 1Malaysia Development Bhd (1MDB), surrendered herself to the police and was subsequently arrested at the Dang Wangi police headquarters in Kuala Lumpur, Malaysia. This information was provided by Tan Sri Razarudin Husain, the Inspector General of Police.
The arrest took place on Friday, July 7. Loo was accompanied by her lawyer when she turned herself in to the authorities. Following her arrest, she was remanded to facilitate the police's investigation into allegations of criminal breach of trust. The specific location of the Dang Wangi police headquarters is in Kuala Lumpur, although the exact address within the city is not specified in the information provided.
What did Jho Low Do?
Jho Low, also known as Low Taek Jho, is accused of orchestrating a complex financial fraud scheme centered around the 1Malaysia Development Berhad (1MDB) fund. He is alleged to have played a central role in the misappropriation of billions of dollars from the state-owned investment fund between 2009 and 2014.
Low's activities involved the establishment of a sophisticated network of overseas shell companies, as well as connections with influential individuals in the entertainment industry, Wall Street, and the Middle East. It is believed that he utilized his relationships and connections to divert funds from 1MDB for personal gain.
One major aspect of the scheme involved using the embezzled funds to acquire high-end real estate properties globally, luxury yachts, and to finance major Hollywood films. These lavish expenditures were reportedly facilitated through a complex web of transactions and money laundering activities.
Additionally, Jho Low is accused of paying significant sums of money to A-list celebrities, including Leonardo DiCaprio, Paris Hilton, and Kim Kardashian, among others, to attend parties and events with him. These payments were allegedly made using funds misappropriated from 1MDB.
Low's connections with influential government figures in Malaysia and Abu Dhabi are believed to have played a crucial role in the success of the fraudulent activities. It is alleged that he used his relationships to corrupt government officials and ensure the smooth operation of the scheme.
Despite his denial of any involvement, Jho Low is facing charges in Malaysia and the United States for financial fraud and other crimes related to the 1MDB scandal. He is currently a fugitive from justice, and authorities from various countries are collaborating to investigate the extensive financial networks associated with 1MDB and to recover the misappropriated assets.
Who is Jho Low?
Jho Low, also known as Low Taek Jho, is a Malaysian businessman who is currently a fugitive from justice. He is wanted by authorities worldwide in connection with the 1Malaysia Development Berhad scandal (1MDB scandal). Born on November 4, 1981, Low has been identified as the alleged mastermind behind this extensive fraud.
According to prosecutors, the 1MDB scandal involved a scheme to divert approximately US$4.5 billion from the 1MDB fund into Low's personal accounts. The funds were allegedly used for his personal benefit. The US government claims that Low is the beneficiary of various discretionary trust assets, which are believed to have originated from payments linked to the Malaysian 1MDB fund.
Despite the accusations against him, Low maintains his innocence. He argues that Malaysian authorities are engaging in a campaign of harassment and political persecution against him. Low's past support of former Prime Minister Najib Razak, who himself was convicted on charges related to the 1MDB scandal, is believed to be a factor contributing to the alleged persecution.
Name
Jho Low
D.O.B
November 4, 1981 (age 41)
Birthplace
George Town, Penang, Malaysia
Status
Fugitive
Citizenship
Malaysia (1981–2016)
St. Kitts & Nevis (2011–2018)
Cyprus (2015–2020)
Occupation
Businessman
Known for
1MDB scandal
Jho Low Arrested and Charged: FAQs
The fugitive businessman's name is Jho Low, also known as Low Taek Jho.
Jho Low was born on November 4, 1981.
Jho Low was born in George Town, Penang, Malaysia.
Jho Low attended Harrow School and the Wharton School of the University of Pennsylvania.
Jho Low is known for his involvement in the 1MDB scandal.