Malaysian Low Taek Jho is wanted for financial crimes and is on the run. Macau has disputed a claim by Malaysian authorities that Low Taek Jho is hiding in the city as authorities continue with efforts to locate and bring the fugitive financier home to face justice for his role in the troubled state fund 1MDB, Bloomberg reports. The Malaysian government has not notified Macau authorities or made any requests regarding the fugitive, the office said. Malaysia’s court Tuesday said that Low had played a crucial role in transferring 42 million ringgit (US$9.9 million) of funds from a former 1MDB unit to former prime minister Najib Razak’s accounts. Najib was found guilty of all seven charges in the trial and faces 12 years in prison, along with a 210 million ringgit fine.

Source: The Standard July 31, 2020 04:41 UTC