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Malaysia Looks to Arrest Financier Jho Low Over 1MDB Scandal

PUTRAJAYA, Malaysia—Jho Low, a purported smarts behind one of a world’s largest financial scandals in new years, is strictly now a refugee after Malaysia’s Prime Minister Mahathir Mohamad pronounced investigators are seeking his arrest.

The U.S. Justice Department alleges Mr. Low was a designer of a large rascal encompassing a 1Malaysia Development Bhd. sovereign-wealth fund. From 2009 to 2015, during slightest $4.5 billion was siphoned from the accounts. The Justice Department’s polite suits contend he paid off conspirators around…

Article source: https://www.wsj.com/articles/malaysia-looks-to-arrest-financier-jho-low-over-1mdb-scandal-1528435202

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