RM48m forfeited from accounts of Jho Low’s father now belongs to govt

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More than RM48 million seized from seven bank accounts belonging to Larry Low Hock Peng, the father of fugitive businessperson Low Taek Jho or Jho Low, who was charged in the 1MDB scandal, now belongs to the Malaysian government.This follows High Court judge Mohamed Zaini Mazlan’s order that the money is forfeited by the government after MACC deputy public prosecutor, Shafinas Shabudin, as the applicant, announced there was no third-party present in court to claim the money amounting to RM48,491,064.“Notice to the third party was issued on March 11 this year; however, no third party was present in court today to claim the money.“As there was no third party present to claim and the asset was proposed to be forfeited, the prosecution is seeking for the assets to be forfeited by the government of Malaysia,” said Shafinas.Larry Low as the respondent was not represented by any lawy…