Malaysia Police Say There’s ‘Strong Indication’ Jho Low in Macau
(Bloomberg) -- Malaysia’s police suspect that Low Taek Jho is hiding in Macau, amid efforts to bring the fugitive financier home to face justice for his role in the troubled state fund 1MDB.
“Strong indication that he is there -- full stop,” Inspector-General of Police Abdul Hamid Bador said in a text message to Bloomberg. The police chief in February had said they received intelligence that Low was active in Wuhan.
Malaysia’s court Tuesday said that Low had played a crucial role in transferring 42 million ringgit ($10 million) of funds from a former 1MDB unit to ex-prime minister Najib Razak’s accounts. Najib was found guilty of all seven charges in the trial and faces 12 years in prison, along with a 210 million ringgit fine.
©2020 Bloomberg L.P.