The police are also in the midst of completing the full seizure of several other assets. Read more at straitstimes.com.
KUALA LUMPUR - Assets bought by lawyer Jasmine Loo Ai Swan using 1Malaysia Development Bhd money, including two Pablo Picasso paintings, will be reappropriated, said Malaysia’s Deputy Inspector-General of Police.
“This company has conducted property transactions, and had jointly opened a bank account at Falcon Private Bank with Jho Low in November 2012,” Mr Ayob Khan said, referring to fugitive financier Low Taek Jho. Mr Ayob Khan added that the police were also in the midst of completing the full seizure of several other assets linked to Loo, including two Pablo Picasso paintings and a London apartment.
On what happens next, the Deputy IGP said that Loo will be handed over to other agencies in the near future for their investigations.
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