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New Straits Times
a day ago
- Politics
- New Straits Times
1MDB fugitive Jho Low 'resurfaces' in Shanghai: Anwar wants details
GEORGE TOWN: Prime Minister Datuk Seri Anwar Ibrahim said he will check with the Home Ministry following reports that fugitive businessman Low Taek Jho, or Jho Low, is currently living in a mansion in Shanghai. He said he had no further information on the matter. "We have yet to get any information. Let me check. "But I have read about the news. "I will need to check with the Home Minister (Datuk Seri Saifuddin Nasution Ismail) about it," he told reporters here today when asked about the matter. He was speaking after the groundbreaking ceremony of the Kompleks Madani Teluk Kumbar. In a livestream last night, two investigative journalists who exposed the 1MDB scandal claimed that Low is living in a mansion in Shanghai. Bradley Hope and Tom Wright said Low is residing in Green Hills, a super high-end neighbourhood. They also claimed he is using a fake Australian passport under the Greek name Constantinos Achilles Veis.
Borneo Post
a day ago
- Politics
- Borneo Post
Jho Low in Shanghai under alias? Anwar says he's read the news, will check with Home Ministry
Anwar affirmed that he had read about Low's latest purported sighting that has generated global buzz since yesterday. – Bernama photo GEORGE TOWN (July 19): Prime Minister Datuk Seri Anwar Ibrahim today said he will verify with the Home Ministry following reports that wanted businessman Low Taek Jho, better known as Jho Low, is currently living the high life in China. Anwar affirmed that he had read about Low's latest purported sighting that has generated global buzz since yesterday. 'We have yet to get any information. Let me check,' he was quoted by the New Straits Times as telling reporters after officiating the groundbreaking ceremony of the Kompleks Madani Teluk Kumbar in Penang. 'I will need to check with the home minister about it,' he added, referring to Datuk Seri Saifuddin Nasution Ismail. Former Wall Street Journal journalists Bradley Hope and Tom Wright who authored a best selling book titled Billion Dollar Whale claimed in a livestream yesterday that Low is residing in Green Hills, a luxury enclave in Shanghai. They alleged that Low is living under a false identity – Constantinos Achilles Veis – and using a fake Australian passport while working with entities linked to the Chinese government. Penang-born Low is accused of masterminding the multibillion-dollar 1MDB scandal and has been on the run since 2015, with his exact whereabouts remaining unconfirmed to date. – Malay Mail anwar ibrahim China Jho Low
New Straits Times
a day ago
- Politics
- New Straits Times
Anwar to seek information from home minister on Jho Low
GEORGE TOWN: Prime Minister Datuk Seri Anwar Ibrahim said he will check with the Home Ministry following reports that fugitive businessman Low Taek Jho, or Jho Low, is currently living in a mansion in Shanghai. He said he had no further information on the matter. "We have yet to get any information. Let me check. "But I have read about the news. "I will need to check with the Home Minister (Datuk Seri Saifuddin Nasution Ismail) about it," he told reporters here today when asked about the matter. He was speaking after the groundbreaking ceremony of the Kompleks Madani Teluk Kumbar. In a livestream last night, two investigative journalists who exposed the 1MDB scandal claimed that Low is living in a mansion in Shanghai. Bradley Hope and Tom Wright said Low is residing in Green Hills, a super high-end neighbourhood. They also claimed he is using a fake Australian passport under the Greek name Constantinos Achilles Veis.
Mint
2 days ago
- Business
- Mint
NITI Aayog proposes easing investment curbs on Chinese firms, suggests allowing 24% stake without nod: Report
India's leading policy think tank, NITI Aayog, has suggested relaxing regulations that mandate additional scrutiny for investments by Chinese firms, asserting that these rules have caused delays for some significant deals, news agency Reuters reported, citing government sources. All investments by Chinese companies in India currently require necessary security approvals from both the Home Ministry and the Foreign Ministry. However, NITI Aayog has proposed that Chinese companies may acquire a stake of up to 24% in an Indian company without the need for approval, the news agency said, citing sources who did not wish to be named. The proposal is part of an initiative to increase foreign direct investment in India and is currently under review by the trade ministry's industries department, the Ministry of Finance and the Ministry of Foreign Affairs, as well as by Prime Minister Narendra Modi office, the report said. NITI Aayog has also suggested to revamp the board that decides on foreign direct investment proposals, it added. Livemint could not independently verify the report. Notably, the NITI Aayog plays an advisory role and not all proposals suggested by the body are implemented by the government. government. However, the proposal comes at a time when India and China are reportedly trying to improve bilateral relations following the border issues in 2020. The final decision over easing the trade rules will be taken by the political leaders, the report said, citing two sources. The current regulations were introduced following border conflicts in 2020. They apply to land-bordering countries, most impacting Chinese companies. Meanwhile, firms from other countries are generally free to invest in various sectors like manufacturing and pharmaceuticals, although certain sensitive areas such as defence, banking, and media remain restricted. Due to these rules, deals such as China's BYD plan to invest $1 billion in an electric car joint venture in 2023 have been shelved, the report stated. Although global foreign investment has slowed since Russia's invasion of Ukraine, the restrictions on Chinese investment in India are seen as a key reason for a significant decline in the country's FDI. Net foreign direct investment in India dropped to a record low of just $353 million in the last financial year, compared to the $43.9 billion recorded in the year ending March 2021. Foreign Minister S Jaishankar made his first visit to China in five years this week. During his trip, he emphasised to his counterpart the importance of resolving border tensions and urged both nations to avoid restrictive trade measures, such as China's limits on rare earth magnet supplies.
Malaysian Reserve
2 days ago
- Politics
- Malaysian Reserve
Govt respects court ruling, but warns of legal limits ahead of Turun Anwar protest
by HIDAYATH HISHAM THE government respects the Federal Court's ruling that rally organisers are not required to notify police, effectively allowing the Himpunan Turun Anwar protest to proceed on July 26. However, Home Minister Datuk Seri Saifuddin Nasution Ismail (picture) stressed that despite parts of the Peaceful Assembly Act being declared unconstitutional, three key restrictions still apply to organisers and participants. 'There are three main prohibitions: No dangerous weapons, no speeches touching on the 3Rs — royalty, religion and race — and no children allowed. 'If these are violated, we will be forced to take action. But don't accuse the police of suppressing freedoms — that would be unfair,' he said at a press conference after the Home Ministry's monthly assembly yesterday. The Turun Anwar protest, organised by Perikatan Nasional (PN), is expected to take place at Dataran Merdeka in Kuala Lumpur (KL) and draw over 300,000 people from across the country. The gathering is being promoted as a public manifestation to 'save the country' from what organisers describe as worsening conditions under Prime Minister (PM) Datuk Seri Anwar Ibrahim's leadership. Saifuddin acknowledged that the protest would pose logistical challenges for the police but assured that it would be managed professionally. 'The rally has been widely publicised. At the same time, the Federal Court has ruled that organisers don't have to notify the police. 'We cannot override the Federal Court's decision. But the police are still responsible for ensuring public safety. 'If organisers had informed the police, we would know the venue and expected turnout. That would help us deploy the appropriate number of officers — not to obstruct, but to facilitate,' he added. Saifuddin also emphasised that the government does not restrict freedom of expression but insisted that public assemblies must remain within legal boundaries and avoid provoking disorder. Earlier this month, the Federal Court unanimously ruled that penalising rally organisers for failing to provide five days' notice was unconstitutional. The five-judge panel, led by former Chief Justice Tun Tengku Maimun Tuan Mat, made the ruling in a case involving former Muda secretary-general Amir Hariri Abdul Hadi. Tengku Maimun stated that Section 9(5) of the Peaceful Assembly Act contravened Articles 8 and 10(1)(b) of the Federal Constitution. Article 8(1) guarantees equal protection under the law, while Article 10(1)(b) affirms the right to peaceful assembly. Meanwhile, the Coalition for Clean and Fair Elections (Bersih) said it would not participate in the protest and called on the government not to interfere. Speaking to Utusan Malaysia, Bersih president Muhammad Faisal Abdul Aziz stressed that the right to assemble must not be hindered by government intervention. 'Bersih will not be directly involved in the rally. Let the party organising it handle the event themselves. 'However, we want the government to refrain from obstructing or interfering with the protest. It is a right protected under Article 10 of the Federal Constitution — the right to peaceful assembly without arms,' he said.
