Thursday, 8 December 2016

Jho Low. I shot the sheriff

But I did not shoot the deputy, is a 1973 hit for Bob Marley, taken from the album Burnin.

Jho Low's family might be Burnin allrite, now that their moves to hamper the US courts, have taken a deadly blow.

Obviously, the I Shot The Sheriff But I Did Not Shoot The Deputy ploy is not going to work.

Reuters have the story. Read below :

Relatives of a Malaysian financier at the center of the 1MDB fund scandal were dealt a setback in their efforts to claim assets seized by the U.S. government when a federal judge denied a motion that would have given them time to try their luck in overseas courts.

Earlier this week four relatives of Low Taek Jho (pic) filed a motion to delay the Dec. 12 hearing to Jan. 23 so they could go to courts in New Zealand and the Cayman Islands to try and get real estate and other assets transferred to a new trustee.

In a one-sentence ruling, U.S. District Judge Dale Fischer denied both the motion to postpone the hearing and a separate request to extend the deadline for filing a claim. No reason was given in the filing, dated Wednesday.

Federal prosecutors had opposed the delay, noting in a filing on Wednesday that almost five months had transpired since the Department of Justice launched a series of lawsuits alleging more than $3.5 billion was misappropriated from the 1MDB fund.

The IMDB fund was set up in 2009.

Low Taek Jho is among the people named in civil lawsuits aimed at seizing $1 billion in assets allegedly siphoned off from 1MDB and diverted into luxury real estate in New York, Beverly Hills and London, valuable paintings and a private jet.