US probe of Malaysia's 1MDB picks up speed after Najib's election loss

Blanche Robertson
June 9, 2018

However, Low is now believed to be in a country that does not have an extradition treaty with Malaysia, which could make carrying out the arrest hard.

"And we do not have extradition rights in the country where he is hiding", Dr Mahathir told a press conference after chairing the first meeting of the Special Cabinet Committee on Anti-Corruption here on Friday.

US investigators have accelerated their probe into the 1MDB sovereign wealth fund set up by former Malaysian Prime Minister Najib Razak and are exchanging more evidence with Malaysian authorities since Najib lost last month's election, three sources with direct knowledge of the probe said.

The MACC was also seeking assistance from authorities in countries where Low was believed to be staying, the source said, declining to be identified due to the sensitivity of the matter.

Singapore authorities said on Friday they had issued arrest warrants in 2016 for Low and his associate, Tan Kim Loong, and requested an Interpol notice.

As a global probe into 1MDB revives, investigators from Malaysia and Singapore met to renew their pursuit of Low Taek Jho.

USA prosecutors had painted Low as a bon vivant and a central figure who set up shell companies and arranged the transfers of tens of millions of dollars to pay Malaysian government officials, while Singapore investigators have called him a "key person of interest". Tan Kim Loong could not be reached for comment.

Officer dead, another hurt when squad car crashes
The officer called for backup as the conversation with Brown became tense, and a half dozen squad cars responded. Procession for Officer Charles Irvine Jr. "He served it because he wanted it to be a better community".

The source said Malaysia is also preparing warrants for Roger Ng, a former Goldman Sachs Group Inc (GS.N) banker, and 1MDB's ex-chief Shahrol Halmi. The U.S. Department of Justice has accused him of masterminding a fraud encompassing the 1Malaysia Development Bhd state investment fund, which had at least $4.5 billion taken from its accounts between 2009 and 2015.

Since Najib's election defeat, Malaysia's new government has been scrambling to recover billions of dollars allegedly siphoned from 1MDB.

Najib has denied any wrongdoing.

Malaysia has enough evidence on Low's crimes, Home Affairs Minister Muhyiddin Yassin said in a speech to employees at the ministry on Thursday.

Hours later, Low's representative issued a statement saying the financier is willing to cooperate and has asked his lawyers to contact MACC regarding the investigations.

The MACC has so far questioned Najib and his wife Datin Seri Rosmah Mansor over the case.

Instead, more than $2.5 billion raised from those bonds was misappropriated and used to buy artwork, luxury properties in NY and London, and to pay off gambling debts in Las Vegas, the U.S. Justice Department has alleged.

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