More signs of Jho Low, without the man himself surfacing: the Malaysian businessman at the center of the 1MDB scandal is attempting to grab back luxury assets from U.S. officials.
Formerly best-known for partying with socialites like Paris Hilton, Jho Low has turned reclusive since he was accused by U.S. authorities of being the mastermind behind 1MDB’s vast, complex and opaque system of siphoning and laundering billions in state money.
His jet was grounded at Seletar in Singapore, but Low’s whereabout are unknown. The only sign of Low in nearly two years is that he and his family have ousted Rothschild's private bank as a trustee of assets held via a New Zealand trust.
Park Lane Under Threat
Now, the trusts are asking a Los Angeles judge to ignore a deadline to file claims over assets that have been seized by the U.S, «Bloomberg» reported.
This include a major stake in New York’s Park Lane Hotel, a $35 million Bombardier Jet and a $30 million penthouse at Time Warner Center in New York.
The Park Lane holding faces a further challenge: Low's co-investors have asked a U.S. court to boot the financier from the consortium, according to court filings.
The suits were filed shortly after Low replaced Rothschild with a Cayman Islands firm, thought by experts to be less pliant to the demands of U.S, authorities than the Swiss bank.
