Jho Low's Family Allowed to Fight U.S. Bid to Confiscate Assets
- Judge rejects Justice Department’s ‘rough justice’ argument
- Holding companies replaced trustees to fight U.S. claims
Low Taek Jho
Photographer: Dimitrios Kambouris/Getty Images for GabrielleThis article is for subscribers only.
Family members of Malaysian financier Low Taek Jho were allowed to challenge U.S. attempts to confiscate hundreds of millions in real estate and other investments allegedly acquired with money siphoned from a state investment fund.
A federal judge in Los Angeles this week granted requests by the holding companies that control the assets on behalf of Low to file late claims in eight forfeiture lawsuits. The holding companies asked for permission to file claims after courts in New Zealand and the Cayman Islands allowed them to swap out the Swiss trustees that had refused to fight the U.S. allegations.