Jho Low, Chen Zhi: Two fugitives, two ecosystems
These high-profile frauds expose an uneasy truth about financial oversight in South-east Asia
THE region’s headline-grabbing fugitives, Chen Zhi and Jho Low, represent distinct strands of the South-east Asian illicit funds story, but strip away the mind-boggling digits and complex manoeuvres, and the truth remains: opportunity outpaced oversight.
Both men exploited systemic gaps. Both are linked to staggering sums of dirty money and powerful political allies. And now, both are on the run.
China-born Cambodian Chen, 38, grew out of Cambodia’s patronage networks and the underbelly of the region’s digital scam economy. His alleged empire veers into brutal territory, on a business model allegedly built not just on financial fraud, but also on forced labour and modern-day slavery.
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
MAS, bank CEOs convene over AI cyberthreats; boards told to own risks, not leave to IT teams
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
LTA circular to potential EV charger owners reveals hundreds of e-mail addresses under carbon copy feature
