Malaysia has recovered US$8.57 million (RM39.1 million) in assets linked to fugitive financier Low Taek Jho, better known as Jho Low, and his family members.
The Malaysian Anti-Corruption Commission said the funds were transferred to the 1MDB Asset Recovery Trust Account with assistance from Singapore’s Commercial Affairs Department.
The recovery followed a global civil forfeiture settlement reached between Low and the US department of justice in June 2024, under which assets exceeding US$100 million were surrendered.
“Other accounts belonging to Jho Low’s family members are also scheduled for repatriation in the near future,” MACC said in a statement today.
“This latest recovery, along with the recent US$330 million (RM1.4 billion) settlement with JPMorgan Chase & Co., brings the total amount of assets recovered by Malaysia from the 1MDB case to RM31.19 billion.”
The DoJ has so far secured over US$1.5 billion in assets tied to Low, with a large portion already returned to Malaysia, MACC said.
It also said the government remains committed to repatriating all misappropriated funds and ensuring those involved in the 1MDB scandal are held accountable.
Low, who has been charged in both Malaysia and the US for allegedly masterminding the theft of US$4.5 billion from 1MDB, was previously reported to be in Macau, although Beijing has denied harbouring him.
Latest reports said he was sighted in Shanghai.
