Malaysia says mastermind behind 1MDB looting fled Macau

Former Malaysian Prime Minister Najib Razak and his wife Rosmah Mansor wave to their supporters as they exit the High Court of Malaya, in Kuala Lumpur, Malaysia, Monday, July 9, 2018. Najib was charged last Wednesday with criminal breach of trust and corruption, two months after a multibillion-dollar graft scandal at a state investment fund led to his stunning election defeat. (AP Photo/Yam G-Jun)
FILE - In this April 14, 2018, file photo, protesters hold portraits of Jho Low illustrated as a pirate during a protest in Kuala Lumpur, Malaysia. Malaysian police said Wednesday, July 11, 2018 that fugitive businessman Low Taek Jho, a suspect in the looting of state investment fund 1MDB, has fled Macau to an unknown destination. (AP Photo/Sadiq Asyraf, File)
Former Malaysian Prime Minister Najib Razak waves to the media as he walks into the High Court of Malaya, in Kuala Lumpur, Malaysia, Monday, July 9, 2018. Najib was charged last Wednesday with criminal breach of trust and corruption, two months after a multibillion-dollar graft scandal at a state investment fund led to his stunning election defeat. (AP Photo/Yam G-Jun)

KUALA LUMPUR, Malaysia — Fugitive businessman Low Taek Jho, a suspect in the looting of Malaysian state investment fund 1MDB, has fled Macau to an unknown destination, police said Wednesday.

Malaysian authorities have been pursuing Low, known just as Jho Low, since a new government reopened investigations into the scandal. 1MDB was set up by former leader Najib Razak but it accumulated billions in debts and authorities in the U.S., Switzerland and several other countries are investigating.

National police chief Mohamad Fuzi Harun said Macau authorities informed him two days ago that Low had fled the territory but didn't say where he went.

Malaysia cancelled Low's passport but Fuzi said Low could have several travel documents, making it tougher to trace him. Interpol has issued an arrest notice for Low at Malaysia's request, and Fuzi said he hoped to soon get news about Low's whereabouts.

U.S. prosecutors allege that Low was a central figure in looting and laundering at least $4.5 billion from the fund. A friend of Najib's stepson Riza Aziz, Low had no official role at 1MDB but had considerable influence over its dealings and was often in contact with Najib, according to the Justice Department.

Switzerland Attorney-General Michael Lauber said Tuesday that the scandal could involve an estimated $7 billion in fraud, far greater than the U.S. figure.

A statement issued by his office after Lauber's meeting in Kuala Lumpur with his Malaysian counterpart Tommy Thomas said Switzerland has initiated proceedings against six people, not including Najib, and two private banks.

Najib was charged last week with criminal breach of trust and abuse of power, making him one of few Southeast Asian leaders to be prosecuted after losing office. Anger over the 1MDB saga contributed to the surprise defeat of Najib's long-ruling coalition in May 9 elections, ushering in Malaysia's first change of power since its independence from Britain in 1957.

Najib denies any wrongdoing and has accused the new government of pursuing a vendetta against him. Police have also seized jewelry and valuables valued at more than 1.1 billion ringgit ($273 million) from properties linked to Najib.

Must Read

China ratifies Paris climate deal ahead of G-20...

Sep 3, 2016

China announced on Saturday that it would formally enter the emissions-cutting agreement reached...

Asian stocks drift as Fed rate outlook eases on...

Sep 7, 2016

Asian stocks meandered Wednesday after a weak report on U.S. service companies reinforced...

Asian stocks mixed on stronger China trade,...

Sep 8, 2016

Asian stock markets were mixed Thursday after China reported unexpectedly strong trade and Wall...

Leader of Chinese protest village gets 3 years in...

Sep 9, 2016

The democratically elected mayor of a fishing village in southern China _ which became a focus of...

US tycoon's China scholarship project opens doors...

Sep 10, 2016

A new scholarship program intended to rival the prestigious Rhodes Scholarships and build...