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Jho Low’s aide, sister ordered to pay 1MDB US$2.8bil
Free Malaysia Today
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23 hours ago
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Tan Kim Loong and Low May Lin did not enter an appearance, file pleadings or attend the trial despite being served with cause papers.
Read More:
https://www.freemalaysiatoday.com/category/nation/2025/11/25/jho-lows-aide-sister-ordered-to-pay-1mdb-us2-8bil
Laporan Lanjut:
https://www.freemalaysiatoday.com/category/bahasa/tempatan/2025/11/25/sekutu-kakak-jho-low-diperintah-bayar-1mdb-usd2-8-bilion
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Transcript
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00:00
The High Court has ordered Tan Kim Leung and Lo Mei Lin, both linked to fugitive financier
00:05
Lo Tick Jo, to pay 1MDB nearly US$2.8 billion for receiving and concealing misappropriated funds.
00:14
Justice Mahajan Mat Taib ruled in favor of 1MDB, directing Tan, also known as Eric,
00:20
to pay US$2.795 billion and Mei Lin to pay US$809,319.
00:27
The judge said evidence presented by 1MDB and its four subsidiaries pointed to an elaborate,
00:35
multi-layered siphoning of funds carried out by individuals in positions of authority
00:41
and supported by offshore structures and trusted associates, including the two defendants.
00:47
She said the evidence demonstrated that Tan, a close associate of Jo Lo, was the beneficial owner of the
00:53
Elson Chan's and Blackstone accounts that received US$2.795 billion, wrongly diverted from 1MDB.
01:03
The court also found that Mei Lin, Jo Lo's sister, received US$809,319 in her personal account through
01:12
four transfers from their father, Lo Hock Bing. Tan and Mei Lin failed to enter an appearance,
01:19
file pleadings or attend the trial despite being served with cause papers.
01:25
Mirato, FMT
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