1MDB Fugitive Low Must Forfeit Mom’s ‘Flawless’ Diamonds
- US judge says diamonds were criminal proceeds of fund looting
- Former 1MDB lawyer Jasmine Loo to give up Picasso sketch
Jho Low remains a fugitive from prosecution by both US authorities and Malaysia.
Photographer: Michael Loccisano/Getty Images
This article is for subscribers only.
Low Taek Jho, the alleged mastermind of the looting of Malaysia’s 1MDB fund, was ordered to forfeit a trio of “flawless” diamonds he bought for his mother that were from a jeweler who has designed for celebrities like Beyonce and Adele.
The US Justice Department said in a statement it will recover assets worth almost $85 million in a forfeiture order issued Monday by a Los Angeles federal judge. That will bring the government’s total recovery from the international money laundering, embezzlement and bribery scheme to more than $1.4 billion.