KUALA LUMPUR: Police have filed criminal charges against fugitive businessman Low Taek Jho or Jho Low and his father over money allegedly stolen from 1 Malaysia Development Berhad (1MDB).
Online business portal, The Edge Markets, had said Low and his father Tan Sri (Larry) Low Hock Peng were charged with money laundering.
The court papers were registered with the Sessions Court in Putrajaya this morning and warrants of arrest for the duo were also sought.
Jho Low was slapped with a total of eight charges under Section 4(1)(a) of the Anti-Money Laundering and Anti-Terrorism Financing Act 2001, according to documents sighted by The Edge.
His father, Larry, faces one charge of transferring US$56 million to his son.
The Edge stated charges against Low are as follows:
1) On or about Dec 26, 2013 he engaged in money laundering in that he received monies amounting to US$62.299 million being the proceeds of unlawful activity from the account of DLA Piper US LLP in Citibank NA bearing number 2185115 into his account at BSI Bank Ltd in Singapore bearing number 6C02328A
2) On or about Feb 4, 2014 he engaged in money laundering in that he received US$56.449 million being the proceeds of unlawful activity from the account (6C02423A) of Low Hock Peng at BSI Singapore into his BSI account (6C02328A)
3) On or about June 3, 2014 he engaged in money laundering in that he received monies amounting to US$142 million being from proceeds from unlawful activity from the account (41153595.2001) of Alpha Synergy Ltd in BSI Lugano Switzerland into his BSI Singapore account (6C02328A)
4) On or about Jan 7, 2014 he engaged in money laundering in that he transferred monies amounting to 19.9 million euros being proceeds from unlawful activity from his account (6C02328B) in BSI Singapore into the account (0204420317251001) of World View Ltd, Cayman Islands, in Caledonian Bank Ltd
5) On or about Feb 5, 2014 he engaged in money laundering in that he transferred monies amounting to 1 million euros being proceeds from unlawful activity from his account (6C02328B) in BSI Singapore into the account (0204420317251001) of World View Ltd, Cayman Islands, in Caledonian Bank Ltd
6) On or about Feb 18, 2014 he engaged in money laundering in that he transferred monies amounting to 17.5 million euros being proceeds from unlawful activity from his account (6C02328B) in BSI Singapore into the account (0204420317251001) of World View Ltd, Cayman Islands, in Caledonian Bank Ltd
7) On or about April 2, 2014 he engaged in money laundering in that he transferred monies amounting to 2.7 million euros being proceeds from unlawful activity from his account (6C02328B) in BSI Singapore into the account (0204420317251001) of World View Ltd, Cayman Islands, in Caledonian Bank Ltd
8) On or about June 3, 2014 he engaged in money laundering in that he transferred monies amounting to US$140.636 million being proceeds from unlawful activity from his account (6C02328A) in BSI Singapore into the account (0204420317251001) of World View Ltd, Cayman Islands, in Caledonian Bank Ltd.