Latest news with #FindingJhoLow
Yahoo
5 days ago
- Business
- Yahoo
Malaysian Fugitive at Center of 1MDB Corruption Scandal That Funded ‘The Wolf of Wall Street' Reportedly Located in China
Jho Low, the playboy Malaysian financier who was central to the multi-billion dollar 1MDB corruption scandal, has reportedly been located and his new identity discovered. Low was the mastermind behind the embezzlement of at least $4.5 billion from the 1MDB Malaysian development fund, much of which was used to buy luxury real estate across the U.S., plus art, a private jet and a superyacht. But he also managed to use the finances to ingratiate himself into Hollywood circles, most notably becoming close with Leonardo DiCaprio — who would star in 2013 hit 'The Wolf of Wall Street,' which, in 2016, the Department of Justice alleged had been financed using stolen Malaysian money. DiCaprio thanked Low in his Golden Globes acceptance speech in 2014. More from Variety Margot Robbie Says 'Wolf of Wall Street' Full Frontal Nudity Was Her Idea; She Turned Down Scorsese When He Said: 'Maybe You Can Be Wearing a Robe' Donald Trump 'Crashed' the 'Wolf of Wall Street' Set and Acted Like an 'Utter Buffoon,' Says Cristin Milioti 'Wolf of Wall Street' Producer Riza Aziz Forfeits $60 Million in Property Tied to 1MDB Case Since 2015, when elements of the corruption were first brought to light, Low is believed to have been on the run and was initially understood to have taken refuge in Taiwan, which has no extradition treaty with Malaysia or the U.S. There have been various rumors about his whereabouts since then, but Project Brazen, the podcast studio and production banner set up by Bradley Hope and Tom Wright, the former Wall Street Journal reporters who broke many of the key early 1MDB stories and co-wrote 'Billion Dollar Whale' about the scandal, has now provided an update. Announced during a live stream on Friday entitled 'Finding Jho Low,' Hope and Wright asserted — using evidence provided by various sources and newly-uncovered documents — that Low was living in a mansion in Green Hills, an 'ultra high-end neighbourhood in Shanghai.' They also added that Low was using a 'fake Australian passport' using the Greek name Constantinos Achilles Veis, which he was using to 'move around China and hide his identity.' Finally, on the live stream they claimed that Low was now working as a 'behind-the-scenes strategist for the Chinese government,' where his tasks include 'helping sanctioned Chinese companies navigate difficulties around the world.' See the 'Finding Jho Low' live stream below Best of Variety New Movies Out Now in Theaters: What to See This Week 'Harry Potter' TV Show Cast Guide: Who's Who in Hogwarts? Final Emmy Predictions: Talk Series and Scripted Variety - New Blood Looks to Tackle Late Night Staples
Malaysian Reserve
19-07-2025
- Politics
- Malaysian Reserve
PM Anwar: Malaysia has yet to receive info on Jho Low's whereabouts
PUTRAJAYA — Malaysia has not received any information regarding claims that fugitive businessman Low Taek Jho, or Jho Low (picture), is currently residing in Shanghai, China, says Prime Minister Datuk Seri Anwar Ibrahim. Anwar said he would check on the matter regarding the central figure in the 1Malaysia Development Berhad (1MDB) financial scandal — who is said to be using a fake Australian passport — with Home Minister Datuk Seri Saifuddin Nasution Ismail. 'I have no information, we have yet to receive anything. Let me check. I've read (the media reports). I need to verify with the Home Minister,' he told reporters briefly after attending the groundbreaking ceremony of the MADANI Complex in Teluk Kumbar here today. Anwar was commenting on several media reports claiming that Jho Low, who is being hunted by international authorities, is believed to be living in an upscale area of Shanghai using a forged Australian passport. The revelation was made by investigative journalists Bradley Hope and Tom Wright — renowned for exposing the global 1MDB financial scandal — in a special episode of Finding Jho Low: Live with Bradley Hope & Tom Wright, on Friday. The 1MDB scandal, one of the world's largest financial scandals, saw Jho Low identified as the mastermind, accused of embezzling US$7.65 billion (RM35 billion). — BERNAMA
