(BROOKLYN, New York): News reaching CARIBBEAN TIMES news desk say that that fugitive Malaysian nancier Low Taek Jho (“Jho Low”), said to be an economic citizen of St Kitts and Nevis, was arrested this week a er leaving Hong Kong for mainland China. US prosecu- tors allege that Low is the brain behind the disappearance of billions from the Malaysian sovereign wealth fund, 1MDB. He has rarely surfaced since being named by investigators two years ago.
Low’s Malaysian passport was can- celled earlier this month following a request from the Malaysian Anti-Corruption Commission (MACC) as it ramped up its investigations into the corruption-plagued 1MDB fund. Another prominent figure in 1MDB, ex-Goldman Sachs heavyweight and Low associate Tim Leissner, is reportedly cooperating in the probe, Finews Asia reported.
China is under no obligation to hand Low over since Malaysia and China do not have an extradition treaty. Low may be traveling on his St Kitts and Nevis passport. e 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 therefore declined to comment at this point, as did the opposition public relations offcer.
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