Report: Jho Low Files Statement of Defense Saying He Has No “Legal Status” to Control 1MDB | Malaysia
KUALA LUMPUR, Jan 28 – Fugitive businessman Low Taek Jho filed a statement of defense two days ago in which he claimed he had no legal standing to control 1Malaysia Development Berhad, news portal Malaysiakini rreported today.
In the statement, Low, commonly referred to as Jho Low, claimed that he had not held any official position with the public investment company or any of its subsidiaries.
This statement followed a civil action launched against him and a few others by 1MDB, which accused them of criminal manipulation which led to the embezzlement of billions of ringgits.
The defense was filed on January 26 at the Kuala Lumpur High Court through the law firm of Low, Valen, Oh & Partners.
Low was among several individuals and entities targeted by more than 20 civil lawsuits filed by 1MDB and its former subsidiary SRC International last year.
The lawsuits targeted those who allegedly defrauded the two government-owned entities, knowingly or unknowingly.
Low was named as the main defendant alongside five other people – his father and mother Tan Sri Low Hock Peng and Goh Gaik Ewe, his sister May Lin, his younger brother Taek Szen and his alleged associate Eric Tan Kim Loong.
Bernama had reported on January 5 that Low and his parents made an appearance in the trial through their lawyers.
According to the statement of defense, Low claimed the suit should be dismissed on the basis that she failed to disclose a reasonable cause of action regarding an alleged breach of trust or fiduciary duty.
The fugitive claimed he had never been a director or shareholder of 1MDB or its four subsidiaries, a member of the sovereign wealth fund’s advisory board or a member of the management team of any of the plaintiffs.
“As such, First Defendant (Jho Low) has no legal standing to exercise any control over Plaintiffs, including, but not limited to, directing or otherwise causing the alleged transfer and/or receipt of fund,” Low said.
Between 2019 and last year, it was reported that the US Department of Justice had repatriated billions of 1MDB money embezzled in Malaysia.
1MDB’s lawsuit against Low and the other five defendants is set for online case management at the Kuala Lumpur High Court on February 9 Malaysiakini reported.