Judge allows change of trustees in Low family case, US$265 mln in assets now in contention

Fri, 20 Jan 2017

By Sophie Boot Jan. 20 (BusinessDesk) - The High Court judge in the Low family trust case will let the family substitute in two trustees who will fight the US Department of Justice's attempts to confiscate US$265 million in assets. The family of Malaysian businessman Jho Low - his parents Low Hock Peng and Goh Gaik Ewe, and siblings Low May Lin and Low Taek Szen - are, alongside Jho Low, beneficiaries of New Zealand trusts which own assets the US Department of Justice alleges to be proceeds of a multi-billion dollar money laundering schem...

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