Court orders seizure of Jho Low‘s property
A court on Tuesday ordered authorities to impound the villa belonging to Malaysian-born Jho Low, an internationally wanted fugitive who in 2015 managed to secure Cypriot citizenship by investing in real estate on the island. According to a statement made by the attorney-general’s office, the application to seize the property was filed jointly by attorney-general George Savvides and Mokas – the anti-money laundering agency. Lawyers representing Low consented, the statement add
A Cypriot court has ordered the seizure of a villa valued at approximately €6 million, owned by Malaysian fugitive Jho Low. The application to impound the Ayia Napa property was a joint effort by the attorney-general's office and the anti-money laundering agency, with Low's legal representatives consenting to the order. This action is reportedly the first instance of a Cypriot court seizing property without a prior conviction, citing laws against money laundering. Low, who obtained Cypriot citizenship in 2015 through investment, had his passport revoked by the cabinet in June 2024. He is wanted in Malaysia for allegedly misappropriating $4.5 billion from the country's sovereign wealth fund.
This development highlights ongoing international efforts to recover assets linked to alleged financial crimes and underscores the scrutiny of citizenship-by-investment programs.
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