US DOJ strikes deal for Jho Low to forfeit over US$100m in assets

The United States (US) Department of Justice (DOJ) has reached an agreement with Low Taek Jho, also known as Jho Low, to forfeit more than US$100 million in the alleged embezzlement of US$4.5 billion from 1MDB.

The civil forfeiture agreement was with Low, members of his family, and trust entities established and included famous artworks, luxury properties, and bank accounts in several countries.