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MALAYSIA has successfully recovered US$8.57 million (RM39.1 million) in assets linked to fugitive financier Low Taek Jho, known better as Jho Low, and his family members, marking another milestone in the country's ongoing 1Malaysia Development Bhd (1MDB) asset recovery efforts.
The Malaysian Anti-Corruption Commission said the funds were transferred to the 1MDB Asset Recovery Trust Account with assistance from Singapore’s Commercial Affairs Department.
The RM39.1 million assets were recovered as a result of Low’s global civil forfeiture settlement with the US Department of Justice (DoJ), adding that these money will be repatriated or sent to Malaysia’s 1MDB Asset Recovery Trust Account.
"Other accounts belonging to Jho Low's family members are also scheduled for repatriation in the near future," MACC said in a statement today.
In total, US authorities have secured over US$1.5 billion linked to Low, much of which has already been returned to Malaysia.
The latest recovery, together with the recent US$330 million (RM1.4 billion) settlement with JPMorgan Chase & Co, raises the total assets repatriated to Malaysia from the 1MDB scandal to RM31.19 billion.
MACC said the recovery was made possible through the government's Multi-Agency Task Force (MATF), which comprises the commission, the Attorney-General's Chambers (AGC), Bank Negara Malaysia (BNM), the police, and the National Anti-Financial Crime Centre (NFCC).
“These efforts have been further strengthened by close cooperation with international authorities, particularly from the United Kingdom, the United States, Switzerland, Singapore, and France, under Mutual Legal Assistance (MLA) arrangements,” it said.
The government reaffirmed its commitment to bringing back all misappropriated funds and assets from the 1MDB scandal, widely described as one of the world's largest financial crimes. – September 10, 2025