PETALING JAYA: Fugitive financier Low Taek Jho, also known as Jho Low, has been sentenced to 10 years’ imprisonment in absentia by a Kuwaiti court on money laundering charges.
Kuwaiti newspaper Al-Qabas reported that a sheikh, his partner and a foreigner were also handed 10-year prison sentences, while a lawyer was sentenced to seven years on money laundering charges in relation to a “Malaysian fund”. The group has been ordered to return US$1 billion and has been fined 145 million Kuwaiti dinars .Al-Qabas said Kuwaiti public prosecution charged the defendants as an “organised criminal group” which laundered 343.
Al-Qabas said Kuwaiti public prosecutors had reopened the “frozen” money laundering case after a two-year hiatus, during which it was unable to obtain information from international parties.It also said investigations showed that about US$1 billion entered the account of a Kuwaiti sheikh and was re-transferred abroad.
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