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Malaysia AGC rejects Jho Low’s attempts to settle 1MDB case

THE STAR – Fugitive financier Low Taek Jho made attempts to settle the charges against him related to the 1Malaysia Development Bhd (1MBD) scandal, but all offers tabled were rejected, said Malaysia’s Attorney General’s Chambers.

“The AGC confirms that Jho Low, through his representatives, has made attempts to engage with the Government of Malaysia for a settlement this year. In these attempts, Jho Low’s representatives met with agencies of the Government of Malaysia including the AGC.

“All offers for a settlement from Jho Low’s representatives were rejected by the AGC,” it said in a brief statement yesterday.

The Edge had previously reported, quoting sources, that Low offered MYR1.5 billion to the government to settle the charges against him.

The report added that he was represented by former attorney general Tan Sri Apandi Ali during negotiations. Low is also facing a USD3.78-billion suit filed by 1MDB and four of its subsidiaries.