Monday 31 October 2016

Jho Low, 1MDB, Relatives, We Didn't Start The Fire

It was always burning
Since the world's been turning
We didn't start the fire
No we didn't light it
But we tried to fight it

That's from the 1989, Record of the Year, from none other than Billy Joel. The Song, entitled We Didn't Start The Fire, hit number one in the USA.

And it looks like Low Taek Jho's family are singing the same song. But where ever you are, be IT in Kuala Lumpur or New York, if You break the LAW, the LAW will BREAK you.

Below is the latest update from BLOOMBERG:

Relatives of the financier accused by U.S. prosecutors of playing a central role in siphoning more than $3.5 billion from Malaysia’s state investment fund are fighting attempts to seize assets acquired with misappropriated funds.

Four family members of Low Taek Jho, also known as Jho Low, have initiated claims for properties the U.S. said he bought with money from the 1MDB fund, including a $100-million interest in EMI Music Publishing Group, a $35 million Bombardier jet, and a $200-million stake in the Park Lane Hotel in New York.

The family members, including Low’s brother and father, say they are beneficiaries of the family-owned trust that controls the assets and were forced to file claims themselves because the Swiss trustees have refused to take any action in the forfeiture lawsuits, according to filings Monday in Los Angeles federal court.