Jho Low, accused of diverting billions of dollars from Malaysia's sovereign wealth fund 1MDB, has been a fugitive on the run from his country's law enforcement agencies. International media from China is reporting that Chinese authorities arrested Jho when he attempted to enter the Peoples' Republic from Hong Kong. I imagine he was quite surprised when taken into custody.
Jho was reportedly depending upon his Dt Kitts CBI passport to protect him from the law in his home country, and abroad, but apparently, China disagreed. It detained Jho, when he attempted to further evade justice by entering China. Some sources claim he was en route to St Kitts, from which he could not be extradited.
This is a textbook lesson in the reality that a CBI document is not the Golden Passport that its sellers claim it to be. Jho might not be extradited to face the music in Malaysia, for political reasons, but might now be doomed to spend a couple of decades behind bars in a nasty Chinese prison, trapped in a form of legal limbo which he cannot easily escape from.
* NOTE: In the coming year the majority Citizen By Investment Passports (CBI) will become a "worthless bunch of papers" due to the various legislation being implemented by USA, Canada, Europe and demonstrated also by China. Countries and States issuing these bogus passports have not shown any responsibility or conscience to protect the International Community from terrorists, fraudsters and criminals.
Chronicles of Monte Friesner - Financial Crime Analyst -
Contributed by Kenneth Rijock - Financial Crime Consultant