tags - Sinar Daily

Eric was declared bankrupt after failing to pay income tax of RM68,334,219.01 to the government. Illustration Photo: 123RF

Jho Low and his father Tan Sri Larry Low Hock Peng fail to set aside a court order preventing them from transferring or dissipating any of their assets in Malaysia amounting to US$1.03 billion and US$401.5 million respectively.

The ad interim injunction prevents wanted businessman Jho Low from transferring or dissipating any of his assets in Malaysia amounting to US$1.03 billion.

1MDB and one of its subsidiaries obtained a Mareva injunction from the High Court here to prevent wanted businessman Low Taek Jho or "Jho Low” from transferring or dissipating of any of his assets in Malaysia amounting to US$1.03 billion.

1MDB claimed that Jho Low was the ‘shadow director’ in the strategic investment company as a proxy of Datuk Seri Najib Razak in giving instructions to the board and senior management of 1MDB.

Fugitive businessman Low Taek Jho or Jho Low