Thursday 25 Apr 2024
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This article first appeared in The Edge Financial Daily on July 24, 2018

KUALA LUMPUR: Fugitive businessman Low Taek Jho, better known as Jho Low, has been reported to be actively involved in the affairs of his two Hong Kong-registered companies.

The South China Morning Post (SCMP) reported on Sunday that Low on July 9 signed two documents to change both firms’ company secretary from B & Mck Nominees to KV Pro Services in Mong Kok.

Low is a central figure in an international money laundering investigation related to the alleged misappropriation of US$4.5 billion from 1Malaysia Development Bhd. Former prime minister Datuk Seri Najib Razak was arrested on July 3 for his alleged role in what has been described as the biggest corruption scandal in the country’s history.

SCMP said it was not known if Low was in Hong Kong when he signed the documents. It reported that the registry had said a signatory would not need to be in the city to sign the papers.

SCMP said B & Mck is a subsidiary of US law firm Baker McKenzie. It said a spokesman from the law firm confirmed it had ceased to work for Low’s companies but declined to give the reason.

 

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