Jho Low told to forfeit mum’s trio of ‘flawless’ diamonds

Free Malaysia Today

Judge rules they were purchased in the looting of billions of dollars from 1MDB.  Read More: https://www.freemalaysiatoday.com/category/nation/2024/07/23/jho-low-told-to-forfeit-mums-trio-of-flawless-diamonds/   Free Malaysia Today is an independent, bi-lingual news portal with a focus on Malaysian current affairs.    Subscribe to our channel - http://bit.ly/2Qo08ry   ------------------------------------------------------------------------------------------------------------------------------------------------------ Check us out at https://www.freemalaysiatoday.com Follow FMT on Facebook: https://bit.ly/49JJoo5 Follow FMT on Dailymotion: https://bit.ly/2WGITHM Follow FMT on X: https://bit.ly/48zARSW  Follow FMT on Instagram: https://bit.ly/48Cq76h Follow FMT on TikTok : https://bit.ly/3uKuQFp Follow FMT Berita on TikTok: https://bit.ly/48vpnQG  Follow FMT Telegram - https://bit.ly/42VyzMX Follow FMT LinkedIn - https://bit.ly/42YytEb Follow FMT Lifestyle on Instagram: https://bit.ly/42WrsUj Follow FMT on WhatsApp: https://bit.ly/49GMbxW  ------------------------------------------------------------------------------------------------------------------------------------------------------ Download FMT News App: Google Play – http://bit.ly/2YSuV46 App Store – https://apple.co/2HNH7gZ Huawei AppGallery - https://bit.ly/2D2OpNP  #FMTNews #JhoLow #FlawlessDiamonds #LACourt #DepartmentofJustice

Transcript

00:00Fugitive financier Lodeg Joe, or Joe Lowe, was ordered to forfeit a trio of flawless

00:08diamonds he bought for his mother from New York-based designer Lorraine Schwartz.

00:14A federal judge in Los Angeles on Monday ordered Lowe to surrender claims to a 7.35-carat diamond

00:20ring, as well as matching diamond earrings both greater than three carats.

00:26The judge ruled they were purchased in the looting of billions of dollars from 1MDB,

00:30Bloomberg reported.

00:32The ring is valued at about US$1.17 million, and the earrings are worth about US$628,000.

00:41Lowe reached a deal in June with the US Justice Department to return more than US$100 million

00:46of assets which the government alleges he acquired using funds from 1MDB.

00:52Meanwhile, in a related case, Jasmine Liu, a former lawyer for 1MDB, was ordered to forfeit

00:58a Pablo Picasso pencil sketch drawing, which she purchased for about US$1.4 million.

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