Jasmine Loo Parents and Family: Everything You Want to Know
by Sangamithra
Updated Jul 17, 2023
Who is Jasmine Loo?
Jasmine Loo Ai Swan is a former lawyer for 1Malaysia Development Bhd (1MDB), has been arrested on charges of transferring stolen funds from a 1MDB account to her personal bank account, which allegedly amounted to $16 million. Following her lawful apprehension, Loo appeared in Kuala Lumpur and is currently cooperating with the police. On July 7, Loo was detained and taken to the Dang Wangi district police headquarters, as stated by Minister Datuk Seri Saifuddin Nasution Ismail.
The following day, she was placed under remand. As of the time of reporting, the exact date of birth for Jasmine Loo is unknown. However, it is believed that she falls within the age range of the late 30s to early 40s. Regarding Jasmine Loo's nationality, she is presumed to be Malaysian since she was born in Malaysia.
According to Minister Datuk Seri Saifuddin Nasution Ismail, the purpose of the remand order is to enable the police to conduct investigations under Section 409 of the Penal Code, which pertains to the offense of criminal breach of trust.
During a press conference, he refrained from revealing the specific location where Jasmine Loo was apprehended. Additionally, he disclosed that Loo, through her legal counsel, has agreed to collaborate with the police and the government in relation to the case.
Jasmine Loo Parents
As of now, there is a lack of available information concerning the parents of Jasmine Loo. Details such as their names, dates of birth, ages, and occupations remain undisclosed or unidentified. Jasmine Loo was the general counsel and group strategy executive director of 1Malaysia Development Berhad (1MDB) from 2012 to 2013. She was also one of Jho Low’s associates who was allegedly involved in the 1MDB scandal.
Loo worked as the compliance and legal executive director at Utama Banking Group (UBG) Berhad, a company linked to Low. She was arrested on July 7, 2023, for criminal breach of trust and is currently under investigation for potential violations of Section 409 of the Penal Code.
Jasmine Loo Family
Currently, there is insufficient information regarding the parental background of Jasmine Loo. Key details such as their identities, birthdates, ages, and professions have not been disclosed or established. Formerly known as Jasmine Loo, Jasmine Loo Ai Swan held the position of general counsel for 1Malaysia Development Berhad (1MDB). In July 2023, she gained widespread attention when she was apprehended on Friday, July 7, in connection with the investigation into the embezzlement of funds during the 1MDB project.
Reports suggest that Loo had departed Malaysia before the 2018 general election but was detained shortly after her return to Kuala Lumpur on June 7. The Dang Wangi police remanded her following her apprehension. On Wednesday, July 12, the Malaysian Home Minister, Saifuddin Nasution Ismail, officially confirmed Loo's arrest. He stated that she was taken into custody at the Dang Wangi district police headquarters (IPD) in Kuala Lumpur, and he also noted her willingness to cooperate with the ongoing police investigation regarding the 1MDB case.
It is widely believed that Loo had close associations with Jho Low, also known as Low Taek Jho, who is wanted for his substantial involvement in the 1MDB scandal, a high-profile case involving billions of dollars. Therefore, Loo's arrest marks a significant milestone in the continuous efforts to locate and hold accountable all individuals who played a role in the 1MDB scandal.
What Happened to Jasmine Loo?
Jasmine Loo Ai Swan was detained by Malaysian authorities on July 7 to aid in investigations regarding the misappropriation of funds. She was the former legal counsel for 1Malaysia Development Bhd (1MDB) and held a trusted and pivotal position as a lawyer, willing to sign corrupt documents to facilitate thefts related to 1MDB while serving as the legal counsel for the organization.
Sarawak Report initially exposed Loo’s significant role in the heist from former Prime Minister Datuk Seri Najib Razak’s fraudulent development fund in March 2015. After resurfacing in Malaysia following an eight-year association with fugitive financier Jho Low, also known as Jho Low Taek Jho, ongoing research has uncovered evidence of Loo’s deeper involvement not only in ongoing thefts linked to 1MDB but also in both Jho Low’s personal business ventures and social life.
The US Department of Justice and FBI investigators have documented payments totaling millions of dollars transferred into Loo’s River Dee account at the notorious Falcon Bank, effectively elevating her from a young law graduate to a significantly affluent individual, as noted by Sarawak Report.
It comes as no surprise that Loo was one of the two individuals sought after when the first “Wanted” notices were issued by the Malaysian task force investigating the scandal, following Sarawak Report’s exposé of the PetroSaudi heist in February 2015.
The other individual sought was Casey Tang, another associate of Jho Low, who had been appointed to a senior management position at 1MDB. OCBC Bank (M) Bhd was granted an application by the Kuala Lumpur High Court to claim a condominium in Mont Kiara, which was seized from Loo prior to her return from hiding.
In addition, the court consented to the prosecution’s application to forfeit rights to three more assets: an Audi car and a Volkswagen New Beetle car, seized on January 27, 2021, as well as money amounting to RM22,600 in Loo’s Maybank Islamic Bhd current account, seized on February 2, 2021. According to Sarawak Report, Loo’s re-emergence will likely have far-reaching consequences for Jho Low, his family, and those in his entourage who remain.
The situation also deals a significant blow to Najib Razak, whose trial is reaching a critical stage. Loo is now cooperating with the authorities and possesses detailed knowledge of the events, including those who authorized and were involved in the illegal activities.
Sarawak Report emphasizes the importance of providing Loo with full protection and promptly obtaining her recorded statements. In this context, she could serve as a warning to others about the perils of a high-life existence intertwined with criminal activities.
Jasmine Loo Parents and Family - FAQ
As of now, there is a lack of available information concerning the parents of Jasmine Loo.
Jasmine Loo Ai Swan, a former lawyer for 1Malaysia Development Bhd (1MDB).
Jasmine Loo Ai Swan was detained by Malaysian authorities on July 7 to aid in investigations regarding the misappropriation of funds.
Jasmine Loo played a significant role in the 1MDB scandal as a trusted lawyer who allegedly signed corrupt documents to facilitate thefts related to 1MDB.
Jasmine Loo Ai Swan was detained by Malaysian authorities in connection with the misappropriation of funds investigation.