Financier at center of 1MDB fraud case agrees to give up hundreds of millions of dollars

Fugitive financier Jho Low will stop fighting for assets valued between $650 to $900 million in the massive 1MDB scandal. He has given up his claim to assets including luxury apartments, jets, yachts and artwork that prosecutors claim he bought with stolen money, according to the New York Times. The settlement will likely impact the Time Warner Center along with multiple homes in Los Angeles. “The message in this case is simple: The United States

source https://therealdeal.com/2019/10/31/financier-at-center-of-1mdb-fraud-case-agrees-to-give-up-hundreds-of-millions-of-dollars/