Malaysia

Court allows 1MDB’s nearly US$4 bil writ of summons to Jho Low’s family

It will be filed against fugitive businessman’s siblings residing overseas

Updated 4 years ago · Published on 28 Jul 2022 6:51PM

Court allows 1MDB’s nearly US$4 bil writ of summons to Jho Low’s family
On May 7, 1MDB and its four subsidiaries – 1MDB Energy Holdings Ltd, 1MDB Energy Ltd, 1MDB Energy (Langat) Ltd and Global Diversified Investment Company Ltd, or formerly known as 1MDB Global Investments Ltd – filed a suit against Low Taek Jho (pic), his parents, his sister, his younger brother, and his associate, Eric Tan. – AFP pic, July 28, 2022

KUALA LUMPUR – The high court here has allowed 1Malaysia Development Bhd (1MDB) to serve a US$3.7837 billion (RM15.75 billion) writ of summons to family members of fugitive businessman Low Taek Jho, better known as Jho Low. 

Representing 1MDB, lawyer K. Siva Kumar said the writ will be filed towards Low’s elder sister Low May Lin, who is believed to be residing in Singapore, as well as younger brother Low Taek Szen allegedly living in Hong Kong. 

“The court has allowed for 1MDB to serve a writ of summons to the both of them overseas.

“The court has set August 23 for the next case mention, which will be heard online by senior assistant registrar Haslinda A. Raof,” Utusan Malaysia quoted him as saying to reporters after online case management before judge Hayatul Akmal Abdul Aziz today. 

However, the court did not allow for the writ to be served to Low’s associate, Eric Tan Kim Loong. 

Last September, the lawyer had said that 1MDB intends to file an application for a substituted service order to serve the writ of summons to Low, his family members and Tan. 

Prior to that, on May 7, 1MDB and its four subsidiaries – 1MDB Energy Holdings Ltd, 1MDB Energy Ltd, 1MDB Energy (Langat) Ltd and Global Diversified Investment Company Ltd, or formerly known as 1MDB Global Investments Ltd – filed a suit against Low, his parents, his sister, his younger brother, and Tan. 

Based on the writ, 1MDB is claiming US$661 million from Low; US$41 million, US$397 million, US$608 million and US$1.9 billion from him and Tan; and, US$325 million from him and his father.

1MDB Global Investments Ltd is seeking US$630 million from Low, his father and Tan; and, US$2 million from him, Taek Szen and Tan.

The plaintiffs are also seeking US$3.5 million from May Lin and Low; US$1.695 million from Low, Goh and Tan in connection with the purchase of jewellery and secret profits; and, US$25.5 million from Low, his father, Tan and Taek Szen. – The Vibes, July 28, 2022

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