A big development was made over the money laundering case in which international fugitive Jho Low was involved. According to the reports, internationally acknowledged fugitive Jho Low has been sentenced to 10 years of jail in Kuwait prison for being involved in a money laundering case. Many people were waiting for Jho Low’s arrest keenly and now they have finally got an update on it. He will be sent to Kuwait prison for 10 years for his role in a money laundering case. We have given more details about this money laundering case in the following sections of this article. You are just required to stick with this page and must go through it till the end, Swipe down the page and take a look below.
Jho Low Arrested
As per the sources, the international fugitive has been sentenced in absentia to 10 years in jail in Kuwait as he was found involved in laundering money minimum of $1 billion connected to $4.55 billion which was reportedly stolen from 1MDB, Malaysian sovereign wealth fund. A source close to the matter said that the $1 billion was paid in Chinese currency laundered through Kuwait so that it remains out of reach from the US banking network and out of reach of the Justice Department and its investigators. Scroll down the page and read who the other person sentenced to jail in this money laundering case is.
Reportedly, Sheikh Sabah Jaber Al-Mubarak Al-Hamad Al-Sabah’s son was also sentenced to 10 years in jail. There is a third person who was also sentenced to 10 years of jail in Kuwait, Hamad Al Wazan who went to the prestigious Wharton Business School of Law. Furthermore, 2 other men were also sentenced to 10 years of jail, Bachar Kiwan who now resides in Paris, and Saud Abdelmohsan who is a Kuwaiti lawyer, was sentenced to seven years. It’s not clear whether any of those sentenced will serve their time. Fugitive Jho Low is currently said to be residing in China under Beijing’s protection.
A source close to the matter also reported, “The sentencing shows that Kuwaiti authorities are serious about prosecuting money laundering activities even if they are committed by people related to high-ranking officials,” The news of international fugitive Jho’s sentencing in Kuwait came after Grammy Award-winning musician Pras Michel stood trial in Washington, DC, this week in part for allegedly receiving $100 million of stolen money from Jho and using it for a variety of criminal plots.