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KUALA LUMPUR (Bernama): More than RM48 thousand seized from seven bank accounts belonging to Tan Sri Larry Low Hock Peng, the father of fugitive businessman Low Taek Jho or Jho Low, who was indicted in the 1Malaysia Development Bhd (1MDB) scandal, now belongs to the government of Malaysia.
This follows High Court Judge Mohamed Zaini Mazlan’s order for the government to seize the money after Malaysian Anti-Corruption Commission (MACC) Deputy Prosecutor Shafinas Shabudin, as the plaintiff announced that there was no third party present at the court to claim the money amounting to RM 48,491,064.
“The third party notice was issued on March 11 of this year, however, no third party was present in court today to claim the money.
“As there was no third party present to claim and it was proposed to confiscate the asset, the prosecution seeks to have the Malaysian government confiscate the assets,” Shafinas said.
Larry Low, as a defendant, was not represented by any attorney and was not present in court himself.
Meanwhile, when meeting with reporters after the proceeding, Shafinas said that the money involved was RM20,784,952.56, RM300,000, RM500,000 and RM20 million seized from the defendant’s checking and fixed accounts at the KLCC branch of RHB Bank. .
According to Shafinas, RM 6,242,593.10, RM345,496.47 and RM318,021.95 were also seized from the defendant’s fixed and checking accounts at the Maybank Plaza Gurney branch, Penang.
On July 19, 2019, Judge Mohamed Zaini allowed the prosecution’s request to seize RM48,979,500.67 in seven bank accounts belonging to Larry Low after no third party was present in court to claim the money.
However, the forfeiture case was heard again after the prosecution amended the proposed notice to enter information about two banks involved in the forfeiture request.
On March 29, 2019, the government filed a civil forfeiture notice to freeze seven bank accounts owned by Larry Low on the charge that the money came from money laundering.
A seizure notice dated January 17, 2019 addressed to Goh Gaik Ewe, 66, the mother of Jho Low, was issued under subsection 51 (1) of the Anti-Money Laundering Act of 2001, the financing against terrorism and the proceeds of illicit activities.
To date, it is reported that authorities are still tracking Larry Low, his wife Goh Gaik Ewe and Jho Low to assist in the investigation of the case involving 1MDB. – Bernama
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