PUTRAJAYA – Malaysia is aware of the deal that fugitive businessman Low Taek Jho, otherwise known as Jho Low, has cut with the US Department of Justice , but will not be letting up on its hunt for the fugitive businessman.
A top-ranking official with knowledge of the investigation on 1MDB and the hunt for the fugitive financier, said the Malaysian government and the authorities were aware of the agreement between Low and the DOJ, which had once described the 1MDB scandal as the world’s largest kleptocracy case. Citing records it had viewed, CNA said the global settlement agreement would “forever the United States’ civil, criminal and administrative asset forfeiture actions or proceedings relating to the disposition” of assets tied to 1MDB.
The agreement to try to reach a global settlement was signed by DOJ’s acting chief of money laundering and asset recovery section Margaret A. Moeser, lawyers for the Lows’ financial trustee and his family lawyer Robin Rathmell of law firm Kasowitz Benson Torres.
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