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Alleged 1MDB mastermind Jho Low seeks presidential pardon

The Japan Times·Patricia Hurtado·6 months ago
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Federal prosecutors allege that Jho Low, with the help of two former Goldman Sachs Group bankers, paid about $2 billion in bribes to foreign officials. | BLOOMBERG

Jho Low, the fugitive Malaysian financier accused by the U.S. of being the mastermind of one of the largest financial frauds in history, has asked U.S. President Donald Trump for a pardon.

Low, who was charged in 2018 but has evaded arrest, submitted a pardon application to the U.S. Justice Department this year, according to a notice on the DOJ’s website. He’s accused of being the architect of a scheme that siphoned at least $4.5 billion from Malaysia’s sovereign wealth fund, 1Malaysia Development Berhad, or 1MDB.

Federal prosecutors allege Low, with the help of two former Goldman Sachs Group bankers, paid about $2 billion in bribes to foreign officials, including former Malaysian Prime Minister Najib Razak, who ended up in prison. Another $1 billion in kickbacks went to the scheme’s participants, with Low pocketing at least $1.42 billion, U.S.…

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