The US justice department struck a deal with the fugitive Malaysian financier Jho Low to recoup close to $1billion USD taken from the investment fund 1MDB – the largest sum recovered by the Kleptocracy Asset Recovery Initiative established a decade ago to counter international corruption.
At the center of it all was 34-year-old Low Taek Jho, known as Jho Low, who’d already made waves as the alleged purchaser of Picasso’s Women of Algiers for $179m. In pursuit of a lavish lifestyle, Low surrounded himself with celebrities, including the Wolf of Wall Street star Leonardo DiCaprio, Paris Hilton and Jamie Foxx.
To read more on The Guardian:
https://www.theguardian.com/world/2019/oct/31/us-strikes-deal-malaysian-fugitive-jho-low-1mdb
Picasso’s Women of Algiers
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