The following court action filed in the Cayman Island’s reveals how Tan Sri Larry Low Hock Peng attempted to become sole trustee of his own family trust, via which some the assets seized by the USDOJ are held. As reported, the trustees refused to challenge the DOJ action for fear of being charged with criminal offences.
As this writer has said many times before,Jho Low is not the mastermind of the 1MDB theft.Larry by his actions has revealed himself to be a significant player in the scheme, and other family members may well be involved.
HARNEY’S OFFSHORE FILINGS
In the matter of Various Trust and in the matter of the Trusts Law (2011 Revision) Between: (1) Low Hock Peng (2) Goh Gaik Ewe (3) Low May Lin (4) Low Taek Szen (5) Low Taek Jho v. (1) Virtue Trustees (Switerland) AG (2) CPS Holdings (NYC) Limited 9 Dec 2016 Originating Summons: Originating Summons for an Order pursuant to section 10 of the Trusts Law (2011 Revision) that the First Defendant shall be substituted as trustee of each of the trusts listed in the schedule to this Originating Summons on the ground that it is expedient to do so, and that it is inexpedient, difficult or impracticable to do so without the assistance of the Court
Tan Sri Larry Low Hock Peng
PM Najib’s RM 1.125 Billion in HK & Tan Sri Larry Low ,faher of Jho
by Ganesh Sahathevan
Overlooked in this week’s reporting is this revelation ,with regards a report lodged with Hong Kong Police by UMNO whistle-blower Khairuddin Hassan:
Four other companies are also suspect, added Khairuddin, because Najib is a signatory here and the accounts of the companies show that a total of RM1.125 billion has been kept at the Hong Kong branch of Credit Suisse. “I have requested the Hong Kong police to conduct comprehensive and detailed investigations on the financial sources of the companies concerned and their transactions.”
“I requested the authorities concerned to investigate Alliance Assets International Ltd; Cityfield Enterprises Ltd; Bartingale International Ltd; Wonder Quest Investments Ltd. All these companies have Najib as the signatory.
Khairuddin, at the same time, also lodged another set of police reports on Jynwell Capital (HK); Jynwell Charitable Foundation; and Strategic Resources (Global Ltd), all owned by Jho Low and family.
It has been established that the report included this document,which suggests that monies were transferred from Najib’s AMislamic Bank and Singapore accounts to accounts at Credit Suisse’s branch in Hong Kong:
The report against Larry Low concerns the Low family’s takeover of Coastal Energy , a company formerly listed on the Toronto Stock Exchange.It has been alleged that the takeover was funded in part with funds from 1 MDB.The report points the finger at Tan Sri Larry Low as the mastermind of his son Jho Low’s adventures. The reports taken together suggest a base of operations in Hong Kong.