Malaysian police say 1MDB fugitive Low seeking to buy Cyprus properties

Malaysian police say 1MDB fugitive Low seeking to buy Cyprus propertiesMalaysian police said on Wednesday that fugitive financier Low Taek Jho, accused of a multi-billion dollar theft at state fund 1Malaysia Development Berhad (1MDB), is attempting to purchase properties in Cyprus under a different name. Low, also known as Jho Low, has been charged in Malaysia and the United States over the alleged theft of $ 4.5 billion from 1MDB, set up by former Malaysian Prime Minister Najib Razak. Information on Low’s efforts to buy real estate in Cyprus was gathered after a series arrests, Malaysia’s police chief Abdul Hamid Bador told a news conference, a video of which was posted on the police’s official Facebook page.



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