Jho Low, the Malaysian businessman at the centre of the Malaysian 1Malaysia Development Berhad (1MDB) scandal, could always lie low in London.
Intelligence Online can reveal that a luxury penthouse was acquired on March 6, 2014 in London in Mayfair’s Stratton Street, just down the road from the Ritz, for some £18 million, by Stratton Street (London), a company registered in the British Virgin Islands, which is linked to Low, one of the principal beneficiaries of the massive fraud of 1MDB funds.
The property register suggests that he also owns the basement and the 8th floor of the building.
The property is not far from the Belgravia mansion that was acquired in 2012 by the British Virgin Islands-registered Qentas Holdings, linked to another key figure in the scandal, Riza Aziz, the son-in-law of Najib Razak, the Malaysian prime minister.
The two men are today at the heart of the FBI and Swiss federal police investigations. Britain’s Serious Fraud Office (SFO) has not yet launched an investigation.