Low family fights to stop 1MDB asset seizure by US

Los Angeles

MALAYSIAN financier Low Taek Jho's family is reaching far and wide to stop the US from seizing US$650 million in real estate and business investments that the government claims were acquired with funds stolen from his home country.

The family of the businessman known as Jho Low claims the Swiss trustees holding their assets are afraid to fight back against the US for fear of being prosecuted in the global game of investment hide-and-seek set off by the alleged disappearance of more than US$3.5 billion of the US$8 billion raised by 1Malaysia Development Bhd (1MDB).