Freeze Jho Low’s assets, DAP tells police

Low Teck Jho has been frequently mentioned in deals concerning the troubled 1Malaysia Development Berhad. – File pic, April 30, 2015.

A DAP lawmaker wants the police to immediately freeze the assets of businessman Low Teck Jho as they may have been bought with funds siphoned from troubled Malaysian state investor 1Malaysia Development Berhad (1MDB).

Petaling Jaya Utara MP Tony Pua said it was bewildering why the police have not taken any action against Low, also known as Jho Low, even after months of exposés on how the Penang-born businessman was tied to scandals in 1MDB.

Low has been a central figure that keeps popping up in some of 1MDB’s most spurious deals such as the botched PetroSaudi International venture worth US$1.83 billion (RM6.59 billion).

In that deal, Pua claimed that Low pocketed US$1.19 billion directly via the company Good Star Limited, while US$260 million was used indirectly to acquire UBG Bhd in Malaysia.

“The evidence trails have already been carefully laid out for the police and yet, after months since the exposés, no concrete steps have been taken to try to put these robbers behind bars.

“The police for example, haven’t even questioned Jho Low. This is despite the IGP being ruthlessly efficient when investigating other inanities like the 'royal my foot' issue,” Pua said in reference to police investigations into a statement that he had made previously.

- TMI