Daily Sabah logo

Politics
Diplomacy Legislation War On Terror EU Affairs Elections News Analysis
TÜRKİYE
Istanbul Education Investigations Minorities Expat Corner Diaspora
World
Mid-East Europe Americas Asia Pacific Africa Syrian Crisis Islamophobia
Business
Automotive Economy Energy Finance Tourism Tech Defense Transportation News Analysis
Lifestyle
Health Environment Travel Food Fashion Science Religion History Feature Expat Corner
Arts
Cinema Music Events Portrait Reviews Performing Arts
Sports
Football Basketball Motorsports Tennis
Opinion
Columns Op-Ed Reader's Corner Editorial
PHOTO GALLERY
JOBS ABOUT US RSS PRIVACY CONTACT US
© Turkuvaz Haberleşme ve Yayıncılık 2025

Daily Sabah - Latest & Breaking News from Turkey | Istanbul

  • Politics
    • Diplomacy
    • Legislation
    • War On Terror
    • EU Affairs
    • Elections
    • News Analysis
  • TÜRKİYE
    • Istanbul
    • Education
    • Investigations
    • Minorities
    • Expat Corner
    • Diaspora
  • World
    • Mid-East
    • Europe
    • Americas
    • Asia Pacific
    • Africa
    • Syrian Crisis
    • Islamophobia
  • Business
    • Automotive
    • Economy
    • Energy
    • Finance
    • Tourism
    • Tech
    • Defense
    • Transportation
    • News Analysis
  • Lifestyle
    • Health
    • Environment
    • Travel
    • Food
    • Fashion
    • Science
    • Religion
    • History
    • Feature
    • Expat Corner
  • Arts
    • Cinema
    • Music
    • Events
    • Portrait
    • Reviews
    • Performing Arts
  • Sports
    • Football
    • Basketball
    • Motorsports
    • Tennis
  • Gallery
  • Opinion
    • Columns
    • Op-Ed
    • Reader's Corner
    • Editorial
  • TV

1MDB-linked Malaysian financier says he won't surrender

by

KUALA LUMPUR Aug 17, 2018 - 12:00 am GMT+3
 A man looks on the seized luxury yacht Equanimity, docked at Port Klang, Selangor, Malaysia, Aug. 11, 2018. (EPA Photo)
A man looks on the seized luxury yacht Equanimity, docked at Port Klang, Selangor, Malaysia, Aug. 11, 2018. (EPA Photo)
by Aug 17, 2018 12:00 am

A Malaysian financier wanted for his role in the multibillion-dollar scandal at state fund 1MDB has said he does not expect to get a fair hearing anywhere and will not present himself to any country where his guilt has been predetermined.

Low Taek Jho has been identified by investigators in Malaysia and the United States as a key figure in the 1Malaysia Development Berhad (1MDB) case.

Authorities in Malaysia and the United States are investigating how billions of dollars went missing from 1MDB. The U.S. Department of Justice says over $4.5 billion was misappropriated from the fund, with some of the money used to buy a private jet, a superyacht, Picasso paintings, jewelry and real estate.

Malaysian authorities have issued an arrest warrant for Low, whose whereabouts are unknown. The financier, whose Malaysian passport has been revoked, has denied any wrongdoing.

A spokesman for Low, through his attorneys, said he "believes there is no jurisdiction where he can get a fair hearing in this matter."

"Low will not submit to any jurisdiction where guilt has been predetermined by politics and self-interest overrules legal process," he said via email on Friday.

Low was responding to a Wall Street Journal story on Friday that cited unnamed Malaysian officials saying they believed Low was being harbored in mainland China.

It also said a request to extradite Low would be high on the agenda of Malaysian Prime Minister Mahathir Mohamad during a five-day trip to China which began on Friday.

Reuters could not verify the Journal story.

A spokesman for the prime minister's office did not immediately respond to a request for comment.

China's foreign ministry asked whether Low was in the country, said it had "no grasp" of the situation.

Last month, Malaysian police said they believed Low had left Macau for an unknown destination, evading arrest in Hong Kong.

Malaysia has applied for an Interpol red notice to seek assistance from the United Arab Emirates, Indonesia, India, Myanmar, China and Hong Kong to detain Low.

About the author
Research Associate at Center for Islam and Global Affairs (CIGA) at Istanbul Sabahattin Zaim University
  • shortlink copied
  • Last Update: Aug 17, 2018 7:00 pm
    KEYWORDS
    world
    The Daily Sabah Newsletter
    Keep up to date with what’s happening in Turkey, it’s region and the world.
    You can unsubscribe at any time. By signing up you are agreeing to our Terms of Use and Privacy Policy. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
    No Image
    Turkey's oil wrestling festival returns after yearlong hiatus
    PHOTOGALLERY
    • POLITICS
    • Diplomacy
    • Legislation
    • War On Terror
    • EU Affairs
    • News Analysis
    • TÜRKİYE
    • Istanbul
    • Education
    • Investigations
    • Minorities
    • Diaspora
    • World
    • Mid-East
    • Europe
    • Americas
    • Asia Pacific
    • Africa
    • Syrian Crisis
    • İslamophobia
    • Business
    • Automotive
    • Economy
    • Energy
    • Finance
    • Tourism
    • Tech
    • Defense
    • Transportation
    • News Analysis
    • Lifestyle
    • Health
    • Environment
    • Travel
    • Food
    • Fashion
    • Science
    • Religion
    • History
    • Feature
    • Expat Corner
    • Arts
    • Cinema
    • Music
    • Events
    • Portrait
    • Performing Arts
    • Reviews
    • Sports
    • Football
    • Basketball
    • Motorsports
    • Tennis
    • Opinion
    • Columns
    • Op-Ed
    • Reader's Corner
    • Editorial
    • Photo gallery
    • DS TV
    • Jobs
    • privacy
    • about us
    • contact us
    • RSS
    © Turkuvaz Haberleşme ve Yayıncılık 2021