Fugitive St Kitts-Nevis economic citizen indicted in billion-dollar money laundering conspiracy

Low Taek Jho (“Jho Low”)

By Caribbean News Now contributor

NEW YORK, USA — A three-count criminal indictment was unsealed on Thursday in federal court in the Eastern District of New York charging Low Taek Jho, 36, also known as “Jho Low”, and Ng Chong Hwa, 51, also known as “Roger Ng”, with conspiring to launder billions of dollars embezzled from 1Malaysia Development Berhad (1MDB), Malaysia’s investment development fund, and conspiring to violate the Foreign Corrupt Practices Act (FCPA) by paying bribes to various Malaysian and Abu Dhabi officials. Low is understood to be an economic citizen of St Kitts and Nevis

As part of the three-count indictment, Ng is also charged with conspiring to violate the FCPA by circumventing the internal accounting controls of a…

Read More

  • 1