RM190 million New York condos latest Jho Low properties to be sold

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RM190 million New York condos latest Jho Low properties to be sold
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The fugitive financier welcomes the move, saying it will protect the value of the assets.

Fugitive Jho Low acquired the Time Warner penthouse on New York’s Columbus Circle in 2011.

Lawyers for Low – better known as Jho Low – and the US on Wednesday asked a Los Angeles federal judge to let them take the first step toward listing sales of the US$31 million Time Warner penthouse at 80 Columbus Circle, which Low acquired in 2011, and a US$14 million condo at 118 Greene Street that he bought in 2014.Low is the alleged mastermind behind the multibillion-dollar theft from the 1MDB fund.

Some of the assets that the US has been trying to seize, including Low’s stake in EMI Music Publishing, have been liquidated per court order and the proceeds are being held pending the outcome of the forfeiture lawsuits.

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