Monday , September 24 2018

‘Malaysia hasn’t sought return of 1MDB-linked jet’

Bloomberg

Singapore hasn’t received any formal request from Malaysia to return financier Low Taek Jho’s private jet, part of the billions of dollars in assets that PM Mahathir Mohamad is seeking to claw back.
“An aircraft that is the subject of ongoing 1MDB-related investigations is parked at Seletar Airport,” a representative for Singapore’s police said in response to queries.
“Singapore has not received any formal request from the Malaysian authorities seeking the return of the aircraft.”
Malaysia is speeding up efforts to recoup $4.5 billion which allegedly vanished from its state fund 1Malaysia Development Bhd. Mahathir has managed to seize a $250-million yacht belonging to Low, a key character in the scandal, after asking President Joko Widodo to allow the Equanimity to leave Indonesian waters.

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