Singapore says fugitive Jho Low still wanted in 1MDB case
By Low Da Wei
(Bloomberg) — Singapore authorities said it is still pursuing Malaysian fugitive Low Taek Jho in connection with a multibillion-dollar scandal related to 1Malaysia Development Bhd.
A recent settlement agreement with the US Justice Department to settle civil actions against him and his family “has no bearing” on Singapore’s criminal probe against Low and his associates, the city-state’s police force said in an emailed statement Tuesday.
An Interpol Red Notice against the financier, better known as Jho Low, remains in effect.
Singapore authorities have obtained court orders to release about S$103 million ($76.6 million) of the seized 1MDB-related monies to the Malaysian government, according to the statement. About S$164 million of 1MDB-related assets in Singapore remain seized or prohibited from disposal.
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