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Mastermind Behind 1MDB Looting Fled Macau

Mastermind Behind 1MDB Looting Fled MacauMastermind Behind 1MDB Looting Fled Macau

Fugitive businessman Low Taek Jho, a suspect in the looting of Malaysian state investment fund 1MDB, has fled Macau to an unknown destination, police said on Wednesday. Malaysian authorities have been pursuing Low, known just as Jho Low, since a new government reopened investigations into the scandal. 1MDB was set up by former leader Najib Razak but it accumulated billions in debts and authorities in the US, Switzerland and several other countries are investigating the fund and Malaysian officials for misconduct. National police chief Mohamad Fuzi Harun said Macau authorities informed him two days ago that Low had fled the territory but did not say where he went, AP reported. Interpol has issued an arrest notice for Low at Malaysia’s request, and Fuzi said he hoped to soon get news about Low’s whereabouts. US prosecutors allege that Low was a central figure in looting and laundering at least $4.5 billion from the fund. A friend of Najib’s stepson Riza Aziz, Low had no official role at 1MDB but had considerable influence over its dealings and was often in contact with Najib, according to the US Justice Department.

 

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