HomeEverythingEducation
Equities & FundsCrypto & Digital AssetsAI & TechnologyBusiness & CorporateUS Politics & PolicyGeopolitics & Global RiskMacro, Rates & FXCommodities & EnergyEuropean Politics & MarketsAsia-PacificReal Estate & Property
Story archiveAll categories
← All Stories

Singapore confirms Jho Low arrest warrants active amid US clemency bid

Created at 11 Jun · 2:25 AM1 source↑ Market-relevant
IN SHORT

Singapore police stated that arrest warrants for fugitive financier Jho Low, a key figure in the 1MDB scandal, remain active. This comes despite Low's reported efforts to seek clemency from US President Donald Trump.

✉Newsletter

PiQ Daily

Pick your topics. Get only what matters, on your cadence.

Key Numbers

S$164 million1MDB-linked assets seized or prohibited from disposal in Singapore
US$127 million1MDB-linked assets seized or prohibited from disposal in Singapore
S$101 millionassets connected to Jho Low and his family

Who's Involved

Singapore police
confirmed arrest warrants for Jho Low remain active
Jho Low
fugitive financier accused in the 1MDB scandal
Tan Kim Loong
associate of Jho Low implicated in the 1MDB scandal
Donald Trump
US President to whom clemency is reportedly being sought
Anwar Ibrahim
Malaysian Prime Minister stating no pardon will be considered

↳ Why This Matters

The confirmation of active arrest warrants and ongoing legal proceedings underscores the persistent international efforts to hold individuals accountable for the 1MDB scandal, despite attempts to seek clemency.

Key facts

  • Singapore police confirmed that arrest warrants and Interpol red notices for fugitive financier Jho Low remain in effect.
  • Low is accused of orchestrating the 1MDB scandal, involving billions allegedly siphoned from the Malaysian state investment fund.
  • Malaysian Prime Minister Anwar Ibrahim stated his government would not consider any pardon request for Low.
  • Singapore has seized or prohibited the disposal of approximately S$164 million (US$127 million) in 1MDB-linked assets, including S$101 million tied to Low and his family.

Singapore police have confirmed that arrest warrants and Interpol red notices for fugitive financier Jho Low, a central figure in the 1MDB scandal, remain active. This statement comes amid reports that Low is seeking clemency from US President Donald Trump.

Low is accused by authorities in the US and Malaysia of masterminding the multibillion-dollar 1MDB scandal, which allegedly involved the siphoning of billions from the state investment fund 1Malaysia Development Berhad through shell companies. Low, who has been a fugitive since 2015, has denied any wrongdoing.

Malaysian Prime Minister Anwar Ibrahim has indicated that his government will not consider any pardon request for Low, according to Bernama. Court proceedings against Low, who was charged in absentia in 2018, are ongoing.

Singaporean authorities also stated that several 1MDB-linked assets remain seized within the city-state. As of July 2024, approximately S$164 million (US$127 million) in assets have been seized or had their disposal prohibited, with S$101 million of this amount being connected to Low and his family.

Frequently asked questions

The 1MDB scandal involves allegations of billions of dollars being siphoned from Malaysia's state investment fund, 1Malaysia Development Berhad, through a complex web of shell companies.

Jho Low is a fugitive Malaysian financier accused by US and Malaysian authorities of masterminding the 1MDB scandal. He has denied any wrongdoing.

Singapore police have confirmed that arrest warrants and Interpol red notices for Jho Low remain active.

Malaysian Prime Minister Anwar Ibrahim has stated that his government will not consider any pardon request for Jho Low.

What Happens Next

01Court proceedings involving Jho Low are expected to continue.
02Further asset seizures or legal actions related to the 1MDB scandal may occur.

Get the newsletter.

Pick the topics you actually care about. We'll email when there's news worth your time, on the cadence you choose. Cancel any time from your account.

Cadence

How It Developed

Singapore police confirmed arrest warrants and Interpol red notices for Jho Low and associate Tan Kim Loong are active.
Low is accused of masterminding the multibillion-dollar 1MDB scandal, diverting funds from the Malaysian state investment fund.
Malaysian Prime Minister Anwar Ibrahim stated his government would not consider any pardon request for Low.
Singapore authorities have seized or prohibited disposal of approximately S$164 million (US$127 million) in 1MDB-linked assets, with S$101 million connected to Low and his family.

Sources

T1
Singapore says arrest warrants for 1MDB’s Jho Low still in force despite US clemency bidSouth China Morning Post

Related Stories

China's largest US soybean order fuels speculation of Xi-Trump trade pact
9 Jul · 2:05 AM
Myanmar faces significant challenges in attracting 2 million tourists annually
9 Jul · 12:05 AM
China's Xi Jinping Calls for Innovation System Overhaul to Beat Global Tech Rivals
8 Jul · 3:05 PM
Australia to sell uranium to India after leaders sign deal
8 Jul · 11:51 PM
India Tax Filings Lag Crypto Trading Activity: Report
8 Jul · 1:45 PM