Prosecution seeks to forfeit Jasmine Loo's cars, properties

Prosecution seeks to forfeit Jasmine Loo's cars, properties
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KUALA LUMPUR (Nov 25): The prosecution filed an application this month to forfeit properties said to be owned by 1Malaysia Development Bhd (1MDB) general counsel Jasmine Loo Ai Swan, a central character in the 1MDB trial.

The application was filed at the High Court's criminal division under Section 56 of the Anti Money Laundering, Anti Terrorism Financing, and Proceeds of Unlawful Activity 2001 (AMLATFPUA).

Theedgemarkets.com understands that in the application, the prosecution sought to seize two vehicles and two properties, one of which is in Mukim Batu, Kuala Lumpur.

The cars are said to be a Volkswagen Beetle and an Audi. It is not known as to the values of the properties which the prosecution wants to forfeit.

Section 56 of AMLATFPUA stipulates forfeiture of properties where there is no prosecution.

The matter came up before High Court senior assistant registrar Nur Azizah Jaafar on Thursday, and a further case management has been fixed for Jan 14, 2022.

It remains uncertain whether Loo, 48, who had left the country before the 14th general election in 2018 and is listed as a wanted person, was represented in the proceedings on Thursday.

Previously, theedgemarkets.com reported that Loo's Mont Kiara condo was set to be auctioned off following an application filed by OCBC Bank (M) Bhd for an outstanding amount in excess of RM300,000.

Loo is one of the central characters in Low Taek Jho's (Jho Low) inner circle in 1MDB, as her name crops up in the present 1MDB-Tanore trial involving former prime minister Datuk Seri Najib Razak.

On Feb 9, the government through the Inland Revenue Board filed two legal suits to recover RM2.4 million in tax arrears from Loo and RM6.7 million from another Jho Low associate, Casey Tang Keng Chee.

On Feb 18, the High Court obtained a judgement in default against Loo over the unpaid tax.

Both Loo and Tang are listed as wanted by Bank Negara Malaysia.

Read also:
Govt obtains judgement against 1MDB ex-general counsel Jasmine Loo over RM2.49m in unpaid taxes
Ex-1MDB counsel Jasmine Loo’s Mont Kiara home set to go under the hammer
Tax man seeks RM9.1m in arrears from wanted Jho Low associates

Surin Murugiah