Multi-billion dollar money laundering case hits NZ courts as Low relatives fight US DOJ

Thu, 19 Jan 2017

By Sophie Boot Jan. 19 (BusinessDesk) - Family members of Malaysian businessman Low Taek Jho, also known as Jho Low, who has been linked to a multi-billion dollar money laundering scheme, will tomorrow oppose the seizure of assets worth $230 million which the United States Department of Justice (DOJ) alleges to be the proceeds of crime. Justice Kit Toogood will hear the request in Auckland's High Court on Friday. The New Zealand Herald has reported that the relatives are beneficiaries of New Zealand trusts which are said to own assets cau...

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