Govt seeks to amend forfeiture notice against Jho Low’s dad

(FMT) – The government is seeking to amend its forfeiture notice against the father of fugitive tycoon Low Taek Jho to recover over RM48 million in the businessman’s accounts, citing differences from the original application in the amount in the accounts and the banks involved.

The High Court last year granted the government’s bid to seize Larry Low Hock Peng’s seven accounts linked to 1MDB after his no-show in court.

However, it is understood that the government had not taken control of Hock Peng’s accounts until today.

Deputy public prosecutor Mohamad Nuzul Azuar Zulkifli said the court would hear the prosecution’s attempt to make the amendments on July 24.

Authorities tried for over a year to locate Hock Peng, his wife Goh Gaik Ewe and Low, popularly known as Jho Low, to assist in 1MDB investigations.

Hock Peng was charged in absentia with one count of money laundering in 2018 for transferring over US$56 million into Jho Low’s account.

Jho Low meanwhile was slapped with eight counts of laundering US$402.8 million and €41.1 million.

Arrest warrants were issued against both father and son.

The government is also seeking to seize the Low family home in Tanjung Bungah, Penang, which is registered under Goh’s name.

However, the forfeiture application has yet to be heard.