Singapore still pursuing Jho Low over 1MDB case; US Justice Department settlement ‘no bearing’ on probe

SINGAPORE: An Interpol red notice was issued against Malaysian fugitive financier Low Taek Jho, who is better known as Jho Low, in 2016 and it “remains in effect”, the Singapore Police Force said&nbsp, on Tuesday ( Jul 16 ). &nbsp, &nbsp,

According to the police, in response to advertising inquiries, the police claimed that a lawsuit between Low and his family and the US DOJ “has no containing” on judicial investigations against Low and his affiliates. &nbsp,

Later in June, CNA initially reported on the US DOJ arrangement. Under a new settlement plan, the authorities would have to hand over recently identified assets as well as those that had not previously been claimed or taken by international prosecuting authorities.

According to documents reviewed by CNA, the international settlement agreement would “everever” resolve US legal, unlawful, and administrative asset forfeiture activities or proceedings relating to the attitude of 1MDB assets.

” About S$ 164 million of 1MDB-related property in Singapore remain seized or prohibited from waste,” the authorities said, adding that this includes S$ 101 million linked to Low and his family. &nbsp,

They added that&nbsp, Singapore authorities&nbsp, had obtained judge orders to discharge about S$ 103 million of the seized 1MDB-related cash to the Indonesian state.