A “Sheikh”, his partner and two foreigners named Jho Taek Low and Bashar Kiwan, sentenced to 10 years imprisonment for the 1MDB fund embezzlement case. theSun theSundaily crime fraud JhoLow 1MDB Kuwait Malaysian
: Kuwait’s criminal court today sentenced a “Sheikh”, his partner and two foreigners named Jho Taek Low and Bashar Kiwan, to 10 years imprisonment for the 1MDB fund embezzlement case, the biggest money laundering case in the country so far.
According to Kuwaiti newspaper Al-Qabas, the court also ordered them to pay a fee of 145 million Kuwaiti dinars and refund US$1 billion . The Public Prosecutor asserted that the men were an “organised criminal group” which laundered money in Chinese currency totalling 343 million Renminbi , while being aware that the funds were obtained through stealing, crime, and transactions in Malaysian state funds.
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