Jho Low's NYC Condos to Be Sold in 1MDB Forfeiture Lawsuits
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Two luxury New York City condominiums that fugitive Malaysian financier Jho Low is accused of buying with money stolen from a state investment fund are to be sold as part of U.S. forfeiture lawsuits targeting the properties.
Lawyers for Low -- whose full name is Low Taek Jho -- and the U.S. on Wednesday asked a Los Angeles federal judge to let them take the first step toward listing sales of the $31 million Time Warner penthouse at 80 Columbus Circle, which Low acquired in 2011, and a $14 million condo at 118 Greene Street that he bought in 2014. Who will keep the proceeds remains unresolved while Low continues to fight the forfeiture suits.