Jho Low agrees to commence sale of RM161m mansion in Los Angeles, to preserve property value | Malay Mail

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Jho Low agrees to commence sale of RM161m mansion in Los Angeles, to preserve property value

Earlier today, it was reported that Low has agreed to sell his mansion in Los Angeles, which was allegedly acquired using misappropriated 1MDB funds and is a subject of forfeiture by the US DoJ.— Picture via Facebook

“These negotiated agreements stand in stark contrast to the politically motivated actions of certain regimes, which not only illegally seized assets and destroyed their value but have also shown a consistent disregard for the rule of law, democratic values and basic human rights,” the spokesperson said.

He had said the action was unjustified as the family property was built and completed around 20 years ago before 1 Malaysia Development Berhad ever existed. However, this did not mean that Low, who is challenging the forfeiture through Oriole Drive LLC, was giving up on his claim. It said the average monthly maintenance and utility expenses amounted to US$3,750 and annual insurance cost is US$145,000 while annual tax expenses are US$500,000 .However, it said if the sale cannot be completed within 270 days, then the US government will have the discretion to appoint an agent of its choice.

 

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This guy still can talk.. Ask his lawyer to keep his moth shut and catch him

Ugly potato who dares to think himself as a playboy by partying with paris hilton using stolen rakyat,s money. He should be hanged if caught

This cina takde guna patut dihumban dlm kandang babi.

Jhon low xdijumpai. Tapi ada kenyataan. 😱

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