LOS ANGELES (Bloomberg): The London office used by Malaysian financier Low Taek Jho (pic) for his luxury lingerie company will be sold while he continues to fight US claims that the property is one of many acquired with money stolen from the 1MDB investment fund.
The office, bought for £42mil in 2014, as well as a nearby penthouse and apartment Low acquired in 2010 on Stratton Street in the upscale Mayfair neighbourhood, are to be sold as part of forfeiture lawsuits federal prosecutors in Los Angeles brought against the properties in 2017.
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