Authorities In Singapore & Switzerland Seize Assets Connected To Red Granite Financier
Authorities in Singapore and Switzerland have seized assets connected to Malaysian businessman Jho Low. He is at the center of yesterday’s Department of Justice filing that also alleges Red Granite, a company that Low helped to finance through his alleged friendship with Riza Aziz, was used to launder funds illegally stolen from the 1MDB Malaysian investment fund. Among the assets seized today were a $35 million Monet painting.
The seizures come a day after the DOJ filed a major complaint relating to the scandal. Singapore’s Attorney General announced that assets worth over $175 million had been seized. Many below to Low, who received a special thanks credit on The Wolf Of Wall Street, the film that is at the center of the money laundering allegations. Low reportedly introduced Wolf lead Leonardo DiCaprio to Aziz, the co-founder of Red Granite and stepson of the Malaysian prime minister.
Swiss authorities, responding to a DOJ request, seized three paintings, among them the Monet and a Van Gogh.
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