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Malaysia says mastermind behind 1MDB looting fled Macau

AP  |  Kuala Lumpur 

say Low Taek Jho, wanted for the looting of state investment fund 1MDB, has fled to an unknown destination.

said Wednesday that Low could have several passports, making it tougher to trace him.

was founded by then-but accumulated billions in debts and is being investigated in the U.S. and several countries. It sparked public anger that led to Najib's electoral defeat.

The new government has reopened investigations into and is seeking to question Low, named as a central figure by US prosecutors in looting and laundering at least $4.5 billion from the fund.

said Tuesday the scandal involved an estimated $7 billion in fraud, far greater than the U.S. figure.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, July 11 2018. 12:40 IST
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