Dec 6 Relatives of Malaysian businessman Low
Taek Jho are seeking fresh court action in a bid to prevent the
U.S. government from seizing assets as part of an investigation
into the scandal-tainted 1MDB fund, according to a U.S. court
Four relatives of Low Taek Jho are planning to file court
actions in New Zealand and the Cayman Islands this week to have
real estate and other assets transferred to a new trustee,
according to a motion on Monday in federal court in Los Angeles.
The motion seeks to push a hearing on the case out to a
later date, noting that there is an effort to take the case to
courts in New Zealand and the Cayman Islands.
The businessman, commonly referred to as Jho Low, is among
the people named in civil lawsuits filed earlier this year by
the U.S. Department of Justice, which alleged that more than
$3.5 billion was misappropriated from the 1MDB fund.
According to the filing, the move to try courts elsewhere
came after the U.S. government opposed a prior attempt by the
Low relatives to transfer the assets to a new trustee. The
government had argued, among other things, that the courts of
New Zealand and the Cayman Islands were the proper venue for
(Reporting by Nathan Layne; Editing by Leslie Adler)