‘Custodian’ to Return Jho Low’s Mum’s US$1.7M Jewellery to US

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Jho Low reiterates return of jewellery not admission of wrongdoing.

Jho Low says he is looking forward to resolving claims related to jewellery worth US$1.7mil (RM7.02mil) that was purportedly given to his mother Evelyn Goh.

“Mr Low is pleased to learn that the US Department of Justice and all the relevant parties are working to amicably resolve these matters, and that the DoJ has acknowledged that ‘the transfer…shall not be construed as an admission of wrongdoing or liability on the part of the current custodian or any other party’,” said a statement issued through his agent.

“We look forward to the continuing resolution of these issues,” it added.

It was earlier reported that the DoJ had reached an agreement with the custodian of the 1MDB-linked jewellery – comprising a pair of diamond earrings and a matching diamond ring – to return the items to the United States.

“Once the government is in possession, custody, or control of the defendant’s assets pursuant to Supplemental Rule G of the Supplemental Rules for Admiralty or Maritime Claims and Asset Forfeiture Actions, the government will move forward towards default of the defendant’s assets,” court documents filed on May 1 reportedly read.

The DoJ did not name the custodian in question.

Low’s mother Goh is reported to be residing in Thailand, with the DoJ aiming to seek the cooperation of Thai authorities to serve a warrant for the jewellery.

According to the DoJ, the jewellery items were purportedly acquired using misappropriated 1MDB funds. It alleged that Low used money diverted from 1MDB’s 2012 bond issuances to purchase the jewellery for US$1,695,475 from jeweller Lorraine Schwartz Inc.