PETALING JAYA (THE STAR/ASIA NEWS NETWORK) - Businessman Low Taek Jho is believed to be hiding in Macau, according to a report by The Malaysian Reserve.
It is learnt that Malaysian authorities are unable to pursue Low, better known as Jho Low, as the country does not have an extradition treaty with Macau, the paper said, quoting a "government source".
Low is the alleged mastermind behind the multi-billion-dollar fund misappropriation scandal at 1Malaysia Development Berhad (1MDB). He has denied all wrongdoing and said he was merely an occasional and unofficial adviser to the state fund.
On June 8, Prime Minister Mahathir Mohamad said that Low was hiding in a country with which Malaysia has no extradition treaty.
"We are trying to arrest Jho Low, but he is not in the country. And we do not have extradition rights in the country where he is hiding," he said.
The Malaysian Anti-Corruption Commission (MACC) has issued an arrest warrant for Low and SRC International Berhad director Nik Faisal Ariff Kamil.
The duo are suspects in an investigation into SRC, the former 1MDB subsidiary that had allegedly transferred RM42 million (S$14.1 million) into the personal account of former prime minister Najib Razak.