KUALA LUMPUR: The High Court has allowed the Federal Government to forfeit nearly RM49mil from the bank accounts of Tan Sri Larry Low Hock Peng, father of fugitive businessman Low Taek Jho or Jho Low, a central figure in the 1Malaysia Development Bhd scandal.Justice Mohamed Zaini Mazlan made the ruling here yesterday after deputy public prosecutor Aaron Chelliah informed the court that there was no third party present to stake a claim on the assets totalling about RM48,979,500.
Larry, who was named as the respondent, was absent and unrepresented in court.
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