Cyprus Court Seizes Jho Low’s RM30.5m Villa in Ayia Napa over 1MDB-Linked Money Laundering Case

Cyprus court orders seizure of Low's RM30m luxury villa

This follows a joint application by the country's AG and anti-money laundering authority.

Cyprus court seizes Jho Low’s RM30.5m villa in Ayia Napa over 1MDB-linked money laundering case

KUALA LUMPUR, June 11 — A court in Cyprus has ordered the seizure of a luxury villa belonging to fugitive Malaysian businessman Low Taek Jho, better known as Jho Low, as part of anti-money laundering proceedings, CyprusMail reported.Citing a statement from the attorney-general’s office, the report said the Nicosia District Court issued the order on Tuesday following a joint application by Cyprus Attorney-General George Savvides and the country’s…

Cyprus moves to auction fugitive Jho Low’s luxury villa linked to 1MDB scandal

Cypriot authorities are moving to auction a luxury seaside villa owned by fugitive Malaysian financier Jho Low, marking a significant development in international efforts to recover assets allegedly linked to one of the world’s largest financial scandals. The decision follows a confiscation order issued by a district court in Nicosia and represents the first instance in Cyprus where authorities have seized property without a prior conviction in …