The High Court in Kuala Lumpur today allowed the seizure of more than RM48 million from the bank accounts of Larry Low, the father of fugitive 1MDB-linked businessperson Low Taek Jho.
Judge Mohamed Zaini Mazlan ruled in favour of the application from deputy public prosecutor Aaron Chelliah after no third party appeared to stake a claim on the assets.
Larry Low was absent from the open court proceedings this morning. An arrest warrant has been issued against him.
It was reported on April 19 that the court set a three-month notice period for any third party to contest the forfeiture bid.
[More to follow] - Mkini
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