Low Taek Jho Ordered to Surrender Diamonds

A federal judge in Los Angeles has ordered fugitive businessman Low Taek Jho, also known as Jho Low, to forfeit a set of diamonds valued at approximately US$1.8 million, which he purchased for his mother. The order includes a 7.35-carat diamond ring and matching earrings, both deemed 'criminal proceeds' from the embezzlement of funds from Malaysia's 1MDB sovereign wealth fund. The diamonds were sourced from renowned designer Lorraine Schwartz, who has also created notable pieces for celebrities. Low remains a fugitive, facing prosecution in both the US and Malaysia, and previously agreed to return over US$100 million in assets linked to the 1MDB scandal. In a related case, former 1MDB lawyer Jasmine Loo has been ordered to forfeit a Pablo Picasso sketch and surrender additional funds held in a Swiss account.