Dec
13
U.S. Seizure of 1MDB Assets Moves on With Jho Low’s Family Sidelined
By-
Federal judge won’t let Low’s relatives fight on his behalf
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Government seeks to confiscate investment stakes, private jet
Jho Low Photographer: Dimitrios Kambouris/Getty Images for Gabrielle
A U.S. effort to seize about $1 billion in assets allegedly acquired with funds siphoned from 1Malaysia Development Bhd. is moving ahead over objections from relatives of the Malaysian financier at the center of the scandal.
A Los Angeles federal judge’s ruling Monday blocking family members of Low Taek Jho, known as Jho Low, from intervening in the forfeiture lawsuits gives the government the upper hand as it seeks to confiscate properties including a $100-million interest in EMI Music Publishing Group, a $35 million Bombardier jet and a $380-million stake in the Park Lane Hotel in New York…
U.S. Seizure of 1MDB Assets Moves on With Jho Low’s Family Sidelined
