Jho Low, PetroSaudi Directors Face 1MDB Charges in Malaysia (1)

Fugitive financier Low Taek Jho faces new charges in Malaysia along with PetroSaudi International directors Tarek Obaid and Patrick Mahony over their alleged roles in the 1MDB scandal.

The three are accused of engaging in criminal conspiracy with Malaysia’s former Prime Minister Najib Razak, while Mahony and Obaid face additional money laundering charges for allegedly receiving $300 million from 1MDB through unlawful activity, according to the Malaysian Anti-Corruption Commission. The charges were served in their absence on Monday at a Magistrate Court in Kuala Lumpur.

These are the first accusations against Mahony and Obaid in Malaysia, while Low, known ...