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Deep discussion: Dr Mahathir, Deputy Prime Minister Datuk Seri Dr Wan Azizah Wan Ismail and National Centre for Governance, Integrity and Anti-Corruption director-general Tan Sri Abu Kassim Mohamed having a chat after a ministry event in Putrajaya. — Bernama
That is the predicament that the authorities face in bringing back Malaysia’s most wanted man these days – Low Taek Jho better known as Jho Low.
Low is at the centre of the debt-laden and scandal-ridden 1Malaysia Development Bhd (1MDB) that is a thorn in the administration of the previous Barisan Nasional government.
Prime Minister Tun Dr Mahathir Mohamad said Low is in a country in which Malaysia does not have an extradition treaty with.
"We are trying to arrest Jho Low, but he is not in the country. And we do not have extradition rights in the country where he is at,” said Dr Mahathir without disclosing the country.
Legal experts say while it is not impossible to bring him back despite the absence of extradition treaty with the country, they cautioned this can be a long and tedious process.
Low has been identified as the mastermind behind 1MDB, which is the subject of investigations by Malaysian as well as international authorities for alleged corruption and money laundering.
1MDB accumulated debts of more than RM35bil in ringgit and US dollar denominated bonds in less than five years from 2009. Most of the money raised were placed outside Malaysia, which the Government is trying to recover.
Apart from Low, the principal officer in another 1MDB-related company is also on the wanted list.
The Malaysian Anti-Corruption Commission (MACC) has issued an arrest warrant for SRC International director Nik Faisal Ariff Kamil.
SRC International was a former subsidiary of 1MDB, which had allegedly transferred RM42mil into the personal account of former prime minister Datuk Seri Najib Tun Razak.
It issued two tranches of RM2bil debt papers in 2011 and 2012. The money was to be used to purchase resource based assets in the region. However, there are no assets to back the purchases.
MACC deputy chief commissioner (operation) Datuk Seri Azam Baki told Bernama there is no excuse for Low and Nik Faisal not turn up to facilitate investigations into the SRC International case.
“I refuse to comment on what action can be taken against both of them (Low and Nik Faisal Ariff Kamil). As far as I know, they cannot give any excuses and must present themselves,” he said.
Nik Faisal, 47, last stayed in Alam Impian, Shah Alam.
Low, 37, previously resided in Tanjung Bungah, Penang.
The Prime Minister’s Office in a statement earlier announced the setting up of a special task force to conduct detailed investigations, detection and seizure of assets and prosecution of individuals who committed any criminal offence in the management of 1MDB.
Meanwhile, sources said Low’s lawyers have yet to get in touch with the MACC.
It was earlier reported that Low had instructed his lawyers to make contact with the MACC after he was made aware they were seeking him for assistance.
By Mazwin nik anis, Wddie chua, Joseph kaos jr, and Royce Tan The Star
Other key people in the 1MDB saga
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