Ever since the US authorities launched their probe into this case, they have brought 30 forfeiture lawsuits seeking real estate, investments, art and jewellery valued at some US$1.7 billion bought by Low and his accomplices.
This settlement will have no impact on the criminal charges against Low, who remains a wanted man by both Malaysian and Singapore authorities. He has been on the run since the former Malaysian prime minister Najib Razak lost the elections last May.
See: Najib nabbed
Over the past year or so, several of Low’s trophy assets, presumably bought with money he skimmed off from 1MDB, have been sold. They include his superyacht, The Equanimity, and most recently, his London office.
Other assets, such as his private jet, has been kept languishing. The Bombardier plane remains impounded at Singapore’s Seletar Airport.
