A trial reveals Jho Low allegedly embezzled $13 million from 1MDB for gambling in Las Vegas.

In a Kuala Lumpur High Court trial, financial fraud investigator Richard Templeman testified that fugitive businessman Jho Low and associate Eric Tan Kim Loong allegedly embezzled $13 million from 1MDB for a two-day gambling spree at Las Vegas Sands LLC. This occurred 12 years ago and is part of a broader lawsuit involving 1MDB against Riza Aziz, stepson of Malaysia's former prime minister Najib Razak, over misused funds. The trial continues on November 15.

November 04, 2024
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