A Malaysian financier, Jho Low, also known as Low, has reportedly filed a request seeking a presidential pardon from US President Donald Trump. If granted, a pardon would remove US criminal liability linked to allegations that Low masterminded the siphoning of billions of dollars from 1Malaysia Development Berhad, or 1MDB.
Low is reportedly seeking a pardon for masterminding the multibillion-dollar scandal, even as authorities in multiple countries continue efforts to recover stolen assets and track his whereabouts.
Fugitive Malaysian financier Jho Low has reportedly filed a request seeking a presidential pardon from US President Donald Trump in an attempt to wipe away criminal charges linked to the multibillion-dollarA Justice Department website reportedly listed the application as a"Pardon after Completion of Sentence", with the status marked as pending. If granted, the pardon would remove US criminal liability tied to allegations that Low masterminded the siphoning of billions of dollars from 1Malaysia Development Berhad, better known as 1MDB.
US prosecutors have long accused Low of orchestrating a complex international fraud scheme involving fake documents, shell companies, bribery, and money laundering operations that allegedly diverted at least USD4.5 billion from the state investment fund. Authorities alleged the stolen funds were used to finance luxury real estate purchases, artwork acquisitions, a USD250-million superyacht, celebrity-fuelled parties, and even the Hollywood filmThe case became one of the world's biggest financial scandals, eventually contributing to the fall of the former Barisan Nasional government in 2018.
The fallout also engulfed Goldman Sachs, which paid more than USD5 billion in penalties to authorities in the US and Malaysia over its role in raising funds for 1MDB. Former Goldman banker Tim Leissner previously pleaded guilty in the US, while another former banker, Roger Ng, was convicted in connection with the scheme.
According to Bloomberg, Leissner testified during Ng's 2022 trial that Low had claimed he was in discussions involving Trump-era figures over resolving the US criminal investigation. The reports also said Low's latest efforts have included negotiations with both US and Malaysian authorities involving the return of hundreds of millions of dollars allegedly tied to the scandal.
In 2019, Low reportedly surrendered more than USD700 million in assets to US authorities under a civil forfeiture settlementThe Wall Street Journal further reported that Malaysia temporarily lifted its Interpol red notice against Low at one point to facilitate the return of significant assets, although criminal liability in Malaysia remained in place. Despite years of international investigations and arrest efforts, Low's exact whereabouts remain unknown, though reports have long suggested he may be in China.
Trump has increasingly used presidential pardons in white-collar criminal cases during his second term Recent recipients reportedly included Binance founder Changpeng Zhao and Nikola founder Trevor Milton. Deputy Finance Minister Clarifies He Never Announced New 150L BUDI95 Fuel Limit Liew Chin Tong says his remarks were taken out of context and did not amount to a government announcement on reducing... Experts Warn Against Revoking BUDI95 For Mat Rempits. Here’s Why
Low Pardon 1MDB Financial Scandal Goldman Sachs US Criminal Investigation State Investment Fund International Fraud Scheme Roofied Parties Hollywood Film
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