US DoJ reaches settlement with Jho Low in 1MDB forfeiture case

Jho Low, who is nearing a resolution of a civil forfeiture case in the US, still faces criminal charges © AP

Jho Low, the Malaysian financier at the center of the 1MDB scandal, has struck a $700m settlement with the US Department of Justice that resolves a string of civil forfeiture lawsuits targeting assets including luxury properties and a private jet.

Read more: FT

CNN Report with video: CNN

GNews: according to Miles Kwok, a Chinese dissident, Jho Low is an illegitimate son of Meng Jianzhu and IMDB was one of the many tools for the Chinese Communist Party to control the world through corruptions.

FT: 1MDB explained:

The FT’s Stefania Palma explains the corruption and money-laundering inquiry at the state development and investment fund in which charges have been filed against two former Goldman Sachs bankers, local financier Jho Low and ex-1MDB employee Jasmine Loo Ai Swan