Low is accused by US and Malaysian authorities of masterminding the 1MDB scandal, in which billions were allegedly siphoned from state investment fund 1Malaysia Development Berhad. The money was allegedly diverted through a web of shell companies, and Low – who has been on the run since 2015 – has denied any wrongdoing.
Singapore authorities said several 1MDB-linked assets also remain seized in the city state, including those tied to Low and his family. As of July 2024, about S$164 million (US$127 million) in assets had been seized or prohibited from disposal, of which S$101 million was connected to Low and his family.
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