Jho Low's deal will recover more of 1MDB loot but unlikely to sit well with Malaysia

KUALA LUMPUR - The settlement agreement between the US Department of Justice (DOJ) and fugitive financier Low Taek Jho is good news for Malaysia’s campaign to recover funds that were allegedly looted from Malaysia's sovereign wealth fund 1Malaysia Development Berhad (1MDB).

But the deal is unlikely to sit well with Prime Minister Mahathir Mohamad’s government because of the complications it could present to the ongoing 1MDB trials against former premier Najib Razak, Low and their accomplices.

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