BARBADOS HAS BEEN MENTIONED in criminal proceedings involving Malaysian tycoon fugitive Low Taek Jho (aka Jho Low), who has been implicated by the United States Department of Justice in the alleged misappropriation of billions of dollars linked to 1Malaysia Development Bhd (1MDB).
Jho Low, 37, who is facing charges in the US, Malaysia and Singapore in what is being described as one of the world’s largest money laundering scandals in history, at one time considered buying Amicorp Bank Barbados to “park his money”.
He travelled here on several occasions in his private jet and yacht, staying at high-end hotels, and meeting with executive officers associated with the bank.
All of this was revealed last year during the criminal trial in Singapore of Jho Low’s consultant and adviser Yeo Jiawei, who was subsequently sentenced to 54 months in jail for money laundering and cheating charges. (MB)
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