Low was charged on Tuesday along with associate Tan Kim Loong and three other former employees of 1MDB, namely former executive director of finance Terence Geh Choh Heng, former business development director Casey Tang and ex-general counsel Jasmine Loo, according to a statement from the police.
(Dec 5): Malaysian financier Low Taek Jho has maintained his innocence over new charges of money laundering as the government steps up legal action against those who had allegedly embezzled from state investment fund 1MDB.
“Low will not submit to any jurisdiction where guilt has been predetermined by politics and there is no independent legal process,” according to a statement issued by his attorneys. “It is clear that Mr. Low cannot get a fair trial in Malaysia.”
