Jho Low confident of being vindicated, says his spokesman

KUALA LUMPUR: A spokesman for Malaysian businessman Jho Low, through his attorneys, issued a statement describing the filing of criminal charges against him in Malaysia as a “case of trial by media“ and “unfortunately the circus continues.”

”These charges are obviously designed to distract from the Mahathir (Tun Dr Mahathir Mohamad) regime’s disastrous seizure of the Equanimity yacht and their plan to sell it at an auction without any attempt to verify ownership of the vessel through proper legal process,” said CO-CEO of Wells Haslem Mayhew Strategic Public Affairs, North Sydney NSW Benjamin Haslem.

Haslem said Low maintains his innocence and was confident he will be vindicated.

” Mr. Low and his lawyers request that the public keep an open mind until all of the evidence comes to light. “

He said Low was conferring with his lawyers regarding what legal action he can take to address this latest political reprisal, but he stands by his earlier statements.

” He will not submit to any jurisdiction where guilt has been predetermined by politics and self-interest overrules legal process. It is abundantly clear that it would be impossible for Mr. Low to get a fair trial in Malaysia, where the government has proven time and time again that they have no interest in the rule of law,” Haslem added. The first set of criminal charges against Low Taek Jho (Jho Low) and his father over money allegedly stolen from 1Malaysia Development Bhd (1MDB) was filed by police earlier today, according to a report in the edgemarkets.com website.

The charges mark the first criminal charges to be filed anywhere against Jho Low, who is believed to be with his family in China or Abu Dhabi.

Edgemarkets.com said the police Commercial Crime Investigation Department (CCID) and the Attorney-General’s Chambers brought the charges for money laundering against Low and his father Tan Sri (Larry) Low Hock Peng “in absentia” and the court papers were registered with the Sessions Court in Putrajaya this morning. Warrants of arrest for both men were also sought.

According to court documents sighted by The Edge, Jho Low faces a total of eight charges under Section 4(1)(a) of the Anti-Money Laundering and Anti-Terrorism Financing Act, 2001 (Act 613). Three of the charges were for receiving money and the remaining five were for transferring the cash. His father faces one charge of transferring US$56 million to his son.

The report said all transactions were done through separate accounts at BSI Bank in Singapore from December 2013 to June 2014. The total sum involved was around US$261 million for receipt of money and US$196 million for transferring of the cash, with most of the cash used to purchase the RM250 million super yacht Equanimity which Malaysia seized two weeks ago. © New Straits Times Press (M) Bhd