CONTROVERSIAL Malaysian financier Low Taek Jho appears to be in the clear of the abuses linked to state investor 1Malaysia Development Bhd (1MDB) – at least according to the Malaysian government.
Home Minister Ahmad Zahid Hamidi today said Malaysian police have closed their investigation into the businessman, who is wanted for investigations by other countries.
Zahid’s statement is unlikely to end debate in the country and across the world on colossal losses at the state-owned entity, and the role of the management of 1MDB and individuals close to the prime minister in the debacle.
“My answer to Gombak MP Azmin Ali in the Dewan Rakyat this morning clearly says that there are no more cases (against Low),” Zahid said in statement this evening
As such, the question of seeking Interpol’s assistance in searching for Low, otherwise known as Jho Low, does not arise, he said in a statement.
Earlier today, it was reported that Malaysia had enlisted Interpol’s help to track down Jho Low, who has been identified as the central figure in the 1MDB scandal.
Reports said Zahid was responding to a question from Azmin in the Dewan Rakyat this morning.
Azmin had asked Zahid, who is also deputy prime minister, if Interpol was helping Malaysia locate Jho Low.
Jho Low is a Malaysian businessman and the beneficiary of numerous discretionary trust assets that the US Department of Justice allege were obtained from 1MDB funds.
The question of Interpol’s role in locating Low was first raised in in 2015.
The Home Ministry had said then in a written reply that Interpol had been unsuccessful in locating those wanted for questioning to facilitate investigations into 1MDB, including business tycoon Jho Low.
The ministry said Interpol had been unable to determine the whereabouts of Low and others linked to the 1MDB scandal. – October 23, 2017.
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