BASSETERRE, St Kitts — On Friday, Malaysian police filed criminal charges against fugitive financier Low Taek Jho, who is wanted in connection with a multibillion-dollar money laundering scandal at the Malaysian sovereign wealth fund, 1MDB. Low, popularly known as Jho Low, is understood to be an economic citizen of St Kitts and Nevis.
He was charged with eight counts of money laundering at a court in the administrative capital Putrajaya. His father, Low Hock Peng, was also charged with one count under the same money laundering act.
“Warrants of arrest for both of them were issued by the court,” said Amar Singh, the director of police commercial crime investigations.
Low and his family’s whereabouts are unknown, but the 38-year-old financier may be travelling on his St Kitts and Nevis passport after his Malaysian passport was cancelled earlier this year following a request from the Malaysian Anti-Corruption Commission (MACC).
US prosecutors allege that Low is the brain behind the disappearance of billions from 1MDB and he has rarely surfaced since being named by investigators two years ago.
The St Kitts and Nevis Citizenship by Investment Unit (CIU) has a policy not to comment on whether or not specific individuals are economic citizens and the prime minister’s press secretary has therefore declined to comment, as did the opposition public relations officer.