Compliance
Malaysia, China Clash Over Location Of 1MDB Man - Report

The man who is alleged to be at the centre of a $4.5 billion theft from the scandal-hit fund 1MDB has been part of a heated discussion between Malaysian and Chinese officials.
Malaysian officials believe that China has been harbouring the
man who is alleged to be at the centre of a $4.5 billion theft
from the scandal-hit fund 1MDB or 1Malaysia
Development Berhad, according to the Wall Street
Journal.
Singapore confirmed this summer that it has been pursuing Jho Low
via an Interpol Red Notice for the past two years. Malaysia has
been trying to arrest him since June.
Reports said that through June and into July, Low had been living
freely in China. Malaysian prosecutors sent a police contingent
in June to search for him in Hong Kong and Macau. Both times,
local authorities told them that he had just flown out, Malaysian
police said. Several Malaysian officials say they believe that he
is now being harboured in mainland China after helping the
country with business deals and diplomacy as the 1MDB scandal
blew up.
Malaysia does not have an extradition treaty with China.
Low had a close relationship with former Malaysian Prime Minister
Najib Razak, who in turn was courted by China. Malaysia’s new
government suspects that Low helped to arrange infrastructure
projects, financed by China, from which funds were diverted to
cover debts owed by 1MDB.
Low maintains his innocence, spokespersons for his lawyers said.
“He will not submit to any jurisdiction where guilt has been
predetermined by politics and self-interest manipulated under the
guise of law,” they said to WSJ in an emailed
comment.
Malaysia’s new government has been working closely with US
Justice Department prosecutors, as well as the authorities in
Switzerland and Singapore, to investigate Low’s alleged role in
1MDB. The Justice Department alleges that Low used stolen money
to finance a billionaire lifestyle in the US, where he befriended
Leonardo DiCaprio, gave jewellery to Miranda Kerr and financed
the Martin Scorsese movie The Wolf of Wall Street.
This publication
published a round-up a few weeks ago on 1MDB and the key
developments of the scandal.