US$265m trust hearing within billion-dollar fraud case delayed

Thu, 19 Jan 2017

By Sophie Boot Jan. 20 (BusinessDesk) - A defended hearing in Auckland’s High Court involving family members of Malaysian businessman Jho Low has been delayed nearly two hours this morning. The relatives - Low Hock Peng, Goh Gaik Ewe, Low May Lin and Low Taek Szen - are beneficiaries of New Zealand trusts which own assets which the US Department of Justice alleges to be proceeds of a multi-billion dollar money laundering scheme, including a Bombardier jet, the Viceroy L’Ermitage Hotel in Beverley Hills and property in New York and Lo...

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