Fugitive Malaysian Jho Low and his family agreed to forfeit more than US$700 million. The U.S. has returned US$300 million to Malaysia that prosecutors say was stolen in a multibillion-dollar corruption scheme, authorities announced Tuesday. The money comes from assets forfeited last year by a financier, Jho Low, in a Los Angeles federal settlement. Low, who is also known as Low Taek Jho, didn’t acknowledge any wrongdoing in the civil settlement. Low was a consultant for a Malaysian state fund.

Source: The Standard April 15, 2020 03:22 UTC