12-7-2023 (KUALA LUMPUR) Jasmine Loo Ai Swan, the former lawyer of 1Malaysia Development Berhad (1MDB), was arrested on Friday (Jul 7) to assist in investigations into the misappropriation of funds, according to Malaysian Home Minister Saifuddin Nasution Ismail on Wednesday.
Ms Loo was arrested at the Dang Wangi district police headquarters in Kuala Lumpur and was remanded on Saturday. Mr Saifuddin stated that Ms Loo, through her lawyer, was willing to cooperate and assist the police investigation in the 1MDB case, as outlined in Section 409 of the Penal Code.
He added that Ms Loo would assist the police and the Malaysian government in investigating the 1MDB case without revealing further details, including her remand period.
In January, the Kuala Lumpur High Court approved the prosecution’s application to forfeit the rights to two luxury cars and money amounting to RM22,600 (US$4,860) belonging to Ms Loo. The court also allowed the application of a third party, OCBC, to claim a condominium unit in Mont Kiara, which was seized from Ms Loo.
Ms Loo is said to be a close associate of fugitive businessman Low Taek Jho, who is better known as Jho Low and wanted for his key role in the multibillion-dollar 1MDB scandal.
