Jho Low resurfaces? 1MDB fugitive allegedly living in Shanghai under Greek alias, fake Australian passport (VIDEO)
Former Wall Street Journal reporters Bradley Hope and Tom Wright — who broke key details of the 1Malaysia Development Berhad (1MDB) corruption scandal and co-authored Billion Dollar Whale — claimed that Low is now residing in Green Hills, an exclusive enclave in Shanghai.
The duo made the claims during a live stream titled Finding Jho Low, hosted yesterday by their investigative platform, Project Brazen.
They alleged that Low is using the alias Constantinos Achilles Veis and carrying a fake Australian passport, which allows him to travel within China while concealing his identity.
'Jho Low is now a behind-the-scenes strategist for the Chinese government,' Hope said.
They added that Low's alleged responsibilities include 'helping sanctioned Chinese companies navigate difficulties around the world.'
Low is the alleged mastermind behind the 1Malaysia Development Berhad (1MDB) scandal, in which at least US$4.5 billion (approximately RM19 billion) was misappropriated from the Malaysian sovereign wealth fund.
The US Department of Justice has previously stated that the stolen funds were used to acquire luxury real estate in the US, a private jet, a superyacht, high-value artworks, and to finance the 2013 film The Wolf of Wall Street.
Hollywood actor Leonardo DiCaprio, who starred in the film, publicly thanked Low by name during his 2014 Golden Globe Awards acceptance speech.
In 2016, US authorities moved to seize assets linked to the film's production, alleging it was funded with embezzled Malaysian money.
Low has been on the run since 2015, after international investigations into 1MDB intensified. His whereabouts have remained unknown since, with occasional speculation but no confirmed sightings.
Hope and Wright's latest claims represent the most detailed account of Low's location and activities in years.
However, there has been no official confirmation from Chinese or Malaysian authorities at the time of writing.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
New Straits Times
4 minutes ago
- New Straits Times
Asia shares sideswiped by US economic jitters, oil slips
SYDNEY: Asian share markets followed Wall Street lower on Monday as fears for the US economy returned with a vengeance, spurring investors to price in an almost certain rate cut for September and undermining the dollar. Some early resilience in US stock futures and a continued retreat in oil prices did help limit the losses, but the bleak message from the July payrolls report was hard to ignore. Not only had revisions meant payrolls were 290,000 below where investors had thought they would be, but the three-month average slowed to just 35,000 from 231,000 at the start of the year. "The report brings payroll growth closer in line with big data indicators of job gains and the broader growth dataset, both of which have slowed significantly in recent months," noted analysts at Goldman Sachs. "Taken together, the economic data confirm our view that the US economy is growing at a below-potential pace." Neither did the reaction of President Donald Trump instil confidence, as the firing of the head of Labor Statistics threatened to undermine confidence in US economic data. Likewise, news that Trump would get to fill a governorship position at the Federal Reserve early added to worries about the politicisation of interest rate policy. Analysts assume the appointee will be loyal to Trump alone, though the president did grudgingly concede that Fed Chair Jerome Powell would likely see out his term. "It opens the prospect of broader support on the Fed Board for lower rates sooner rather than later," said Ray Attrill, head of FX research at NAB. "Fed credibility, and the veracity of the statistics on which they base their policy decisions, are both now under the spotlight." Markets moved quickly to price in a lot more easing with the probability of a September rate cut swinging to 90 per cent, from 40 per cent before the jobs report. Futures extended the rally on Monday to imply 65 basis points of easing by year-end, compared to 33 basis points pre-data. Markets have essentially already eased for the Fed with two-year Treasury yields down another 4 basis points at 3.661 per cent. They tumbled almost 25 basis points on Friday in the biggest one-day drop since August last year. DOLLAR DENTED The prospect of lower borrowing costs offered some support for equities and S&P 500 futures inched up 0.1 per cent, while Nasdaq futures rose 0.2 per cent. Asian share markets, however, were still catching up with Friday's retreat and the Nikkei <.n22 per="" cent=""> fell 2.1 per cent, while South Korea dipped 0.2 per cent. MSCI's broadest index of Asia-Pacific shares outside Japan broke the mould and firmed 0.3 per cent. Wall Street has also taken comfort in an upbeat results season. Around two-thirds of the S&P 500 have reported and 63 per cent have beaten forecasts. Earnings growth is estimated at 9.8 per cent, up from 5.8 per cent at the start of July. Companies reporting this week include Disney, McDonald's, Caterpillar and some of the large pharmaceutical groups. The dismal US jobs data did put a dent in the dollar's crown of exceptionalism, snuffing out what had been a promising rally for the currency. The dollar dipped 0.1 per cent to 147.24 yen, having shed an eye-watering 2.3 per cent on Friday, while the euro stood at US$1.1585 after bouncing 1.5 per cent on Friday. The dollar index was pinned at 98.659, having been toppled from last week's top of 100.250. Sterling was more restrained at US$1.3287 as markets are 87 per cent priced for the Bank of England to cut rates by a quarter point at a meeting on Thursday. The BoE board itself is expected to remain split on easing, while markets still favour two further cuts by the middle of next year. In commodity markets, gold was flat at US$3,361 an ounce, having climbed more than 2 per cent on Friday. Oil prices extended their latest slide as OPEC+ agreed to another large rise in output for September, which completely reverses last year's cuts of 2.2 million barrels per day. Brent dropped 0.6 per cent to US$69.24 a barrel, while US crude also fell 0.6 per cent to US$66.93 per barrel.
Free Malaysia Today
34 minutes ago
- Free Malaysia Today
Asian shares slide on US economic jitters, oil retreats
Donald Trump's dismissal of the US labour statistics chief deepened concerns over the credibility of official data amid economic uncertainty. (AP pic) SYDNEY : Asian share markets followed Wall Street lower on Monday as fears for the US economy returned with a vengeance, spurring investors to price in an almost certain rate cut for September and undermining the dollar. Some early resilience in US stock futures and a continued retreat in oil prices did help limit the losses, but the bleak message from the July payrolls report was hard to ignore. Not only had revisions meant payrolls were 290,000 below where investors had thought they would be, but the three-month average slowed to just 35,000 from 231,000 at the start of the year. 'The report brings payroll growth closer in line with big data indicators of job gains and the broader growth dataset, both of which have slowed significantly in recent months,' noted analysts at Goldman Sachs. 'Taken together, the economic data confirm our view that the US economy is growing at a below-potential pace.' Neither did the reaction of President Donald Trump instil confidence, as the firing of the head of Labor Statistics threatened to undermine confidence in US economic data. Likewise, news that Trump would get to fill a governorship position at the Federal Reserve early added to worries about the politicisation of interest rate policy. Analysts assume the appointee will be loyal to Trump alone, though the president did grudgingly concede that Fed chair Jerome Powell would likely see out his term. 'It opens the prospect of broader support on the Fed Board for lower rates sooner rather than later,' said Ray Attrill, head of FX research at NAB. 'Fed credibility, and the veracity of the statistics on which they base their policy decisions, are both now under the spotlight.' Markets moved quickly to price in a lot more easing with the probability of a September rate cut swinging to 90%, from 40% before the jobs report. Futures extended the rally on Monday to imply 65 basis points of easing by year-end, compared to 33 basis points pre-data. Markets have essentially already eased for the Fed with two-year Treasury yields down another 4 basis points at 3.661%. They tumbled almost 25 basis points on Friday in the biggest one-day drop since August last year. Dollar dentend The prospect of lower borrowing costs offered some support for equities and S&P 500 futures inched up 0.1%, while Nasdaq futures rose 0.2%. Asian share markets, however, were still catching up with Friday's retreat and the Nikkei 22% fell 2.1%, while South Korea dipped 0.2%. MSCI's broadest index of Asia-Pacific shares outside Japan broke the mould and firmed 0.3%. Wall Street has also taken comfort in an upbeat results season. Around two-thirds of the S&P 500 have reported and 63% have beaten forecasts. Earnings growth is estimated at 9.8%, up from 5.8% at the start of July. Companies reporting this week include Disney, McDonald's, Caterpillar and some of the large pharmaceutical groups. The dismal U. jobs data did put a dent in the dollar's crown of exceptionalism, snuffing out what had been a promising rally for the currency. The dollar dipped 0.1% to 147.24 yen, having shed an eye-watering 2.3% on Friday, while the euro stood at US$1.1585 after bouncing 1.5% on Friday. The dollar index was pinned at 98.659, having been toppled from last week's top of 100.250. Sterling was more restrained at US$1.3287 as markets are 87% priced for the Bank of England to cut rates by a quarter point at a meeting on Thursday. The BOE board itself is expected to remain split on easing, while markets still favour two further cuts by the middle of next year. In commodity markets, gold was flat at US$3,361 an ounce XAU=, having climbed more than 2% on Friday. Oil prices extended their latest slide as Opec+ agreed to another large rise in output for September, which completely reverses last year's cuts of 2.2 million barrels per day. Brent dropped 0.6% to US$69.24 a barrel, while US crude also fell 0.6% to US$66.93 per barrel.
Malay Mail
34 minutes ago
- Malay Mail
Asia shares sideswiped by US economic jitters, oil slips
SYDNEY, Aug 4 — Asian share markets followed Wall Street lower today as fears for the US economy returned with a vengeance, spurring investors to price in an almost certain rate cut for September and undermining the dollar. Some early resilience in US stock futures and a continued retreat in oil prices did help limit the losses, but the bleak message from the July payrolls report was hard to ignore. Not only had revisions meant payrolls were 290,000 below where investors had thought they would be, but the three-month average slowed to just 35,000 from 231,000 at the start of the year. 'The report brings payroll growth closer in line with big data indicators of job gains and the broader growth dataset, both of which have slowed significantly in recent months,' noted analysts at Goldman Sachs. 'Taken together, the economic data confirm our view that the US economy is growing at a below-potential pace.' Neither did the reaction of President Donald Trump instil confidence, as the firing of the head of Labor Statistics threatened to undermine confidence in US economic data. Likewise, news that Trump would get to fill a governorship position at the Federal Reserve early added to worries about the politicisation of interest rate policy. Analysts assume the appointee will be loyal to Trump alone, though the president did grudgingly concede that Fed Chair Jerome Powell would likely see out his term. 'It opens the prospect of broader support on the Fed Board for lower rates sooner rather than later,' said Ray Attrill, head of FX research at NAB. 'Fed credibility, and the veracity of the statistics on which they base their policy decisions, are both now under the spotlight.' Markets moved quickly to price in a lot more easing with the probability of a September rate cut swinging to 90 per cent, from 40 per cent before the jobs report. Futures extended the rally today to imply 65 basis points of easing by year-end, compared to 33 basis points pre-data. Markets have essentially already eased for the Fed with two-year Treasury yields down another 4 basis points at 3.661 per cent. They tumbled almost 25 basis points on Friday in the biggest one-day drop since August last year. Dollar dented The prospect of lower borrowing costs offered some support for equities and S&P 500 futures inched up 0.1 per cent, while Nasdaq futures rose 0.2 per cent. Asian share markets, however, were still catching up with Friday's retreat and the Nikkei fell 2.1 per cent, while South Korea dipped 0.2 per cent. MSCI's broadest index of Asia-Pacific shares outside Japan broke the mould and firmed 0.3 per cent. Wall Street has also taken comfort in an upbeat results season. Around two-thirds of the S&P 500 have reported and 63 per cent have beaten forecasts. Earnings growth is estimated at 9.8 per cent, up from 5.8 per cent at the start of July. Companies reporting this week include Disney, McDonald's, Caterpillar and some of the large pharmaceutical groups. The dismal US jobs data did put a dent in the dollar's crown of exceptionalism, snuffing out what had been a promising rally for the currency. The dollar dipped 0.1 per cent to ¥147.24, having shed an eye-watering 2.3 per cent on Friday, while the euro stood at US$1.1585 after bouncing 1.5 per cent on Friday. The dollar index was pinned at 98.659, having been toppled from last week's top of 100.250. Sterling was more restrained at US$1.3287 as markets are 87 per cent priced for the Bank of England to cut rates by a quarter point at a meeting on Thursday. The BoE board itself is expected to remain split on easing, while markets still favour two further cuts by the middle of next year. In commodity markets, gold was flat at US$3,361 an ounce, having climbed more than 2 per cent on Friday. Oil prices extended their latest slide as Opec+ agreed to another large rise in output for September, which completely reverses last year's cuts of 2.2 million barrels per day. Brent dropped 0.6 per cent to US$69.24 a barrel, while US crude also fell 0.6 per cent to US$66.93 per barrel. — Reuters
