1mdb: Jho Low Faces New Charges In Scheme Involving Trump

by news.yahoo.com posted 1month ago 11 views
The US has laid fresh charges against fugitive Jho Low and an ex-member of the Fugees as part of an investigation into the multi-billion dollar 1MDB scandal. Mr Low and Prakazrel "Pras" Michel have been accused of running a back-channel campaign to get the then-Trump administration to drop the investigation. 1MDB was an investment fund set up by the Malaysian government that lost billions of dollars due to fraudulent activity. The businessman allegedly misappropriated funds from 1MDB to buy high-end real estate in Beverly Hills, New York and London, as well as a luxury boutique hotel in Beverly Hills.

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