(UTV | COLOMBO) – The US has laid fresh charges against fugitive Jho Low and an ex-member of the Fugees as part of an investigation into the multi-billion dollar 1MDB scandal.
Mr Low and Prakazrel “Pras” Michel have been accused of running a back-channel campaign to get the then-Trump administration to drop the investigation.
1MDB was an investment fund set up by the Malaysian government that lost billions of dollars due to fraudulent activity.
Mr Low was at the heart of the scandal which helped topple Malaysia’s former regime.
The businessman allegedly misappropriated funds from 1MDB to buy high-end real estate in Beverly Hills, New York and London, as well as a luxury boutique hotel in Beverly Hills.
He has been accused of masterminding the looting of hundreds of millions of dollars from the investment fund and spending it on everything from yachts to expensive artwork.
He is also accused of laundering money, along with his family, through financial institutions in several countries, including the US, Switzerland, Singapore and Luxembourg.
