PUTRAJAYA (July 6): The government is focusing on the recovery of 1Malaysia Development Bhd (1MDB) assets, following the settlement agreement between the US Department of Justice (DOJ) and fugitive Low Taek Jho, also known as Jho Low, said Home Minister Datuk Seri Saifuddin Nasution Ismail.

“When our national assets are returned to the DOJ, our focus is on asset repatriation,” he said at a press conference after officiating the Police Day Run here on Saturday.

When asked if the government is not focusing on pursuing Jho Low, he emphasised that the current priority is asset recovery.

Recently, Jho Low was reported as handing over assets worth more than US$100 million (RM471 million), including a luxury apartment in Paris and artworks by Claude Monet and Andy Warhol.

The agreement is meant to resolve the civil forfeiture case related to his involvement in the 1MDB corruption and embezzlement scandal.

These assets are in addition to nearly US$1 billion of 1MDB funds, including a US$120 million superyacht previously forfeited from Jho Low and his family. 

Read also:
Jho Low, US Justice Dept reach fresh pact to wind down 1MDB forfeiture case, CNA reports
US recovers Monet painting, Paris apartment from Jho Low

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