Malaysia to arrest famous financier as part of probe into state fund 1MDB
Kuala Lumpur — Malaysian authorities conducting a probe into troubled state investment fund 1MDB are seeking to arrest financier Low Taek Jho, Prime Minister Mahathir Mohamad said Friday.Low, whose whereabouts aren’t publicly known, has been a prominent figure in the global investigations surrounding 1Malaysia Development. Authorities in several countries, including the US and Singapore, have alleged that the fund, set up in 2009 by former premier Najib Razak, was linked to a multibillion dollar fraud."We are trying to arrest Jho Low but he is not in the country and we don’t have extradition rights in the country where he’s staying," Mahathir told reporters in Putrajaya. "They have investigated his involvement in 1MDB and it is on those grounds that he will be arrested."The Malaysian Anti-Corruption Commission (MACC) is preparing arrest warrants for the fund’s former chief, Shahrol Halmi, and Roger Ng, a former Goldman Sachs banker focused on Malaysia who left the firm in 2014, peop...
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