News Local Villa in Cyprus of fugitive financier Low under freezing order

Villa in Cyprus of fugitive financier Low under freezing order

The Cyprus Unit for Combating Money Laundering (MOKAS) has issued a freezing order over a luxury villa in Ayia Napa belonging to Jho Taek Low – a fugitive Malaysian financier with a Cypriot citizenship.

The order over the €5 million worth villa was issued in coordination with the Legal Services of the Republic, Philenews reported on Wednesday.

Low – who was not wanted by any authorities at the time – acquired the Cyprus citizenship in September 2015.

A few weeks later Bank of Cyprus, tracking the traffic in Low’s accounts, notified Mokas and submitted a report in October 2015.

In turn, Mokas conducted an investigation, the findings of which were relayed to the interior ministry in early 2016.

Suspicious transactions from Low’s local bank accounts were flagged as early as October 2015.

Nicosia is to imminently revoke Cyprus passports from at least 26 suspect investors, including Low.

 

 

Top Stories

Attica in ‘orange alert’ state – new emergency covid measures announced

Deputy Civil Protection and Crises Management Minister Nikos Hardalias has announced emergency measures aiming to contain the spread of the coronavirus in Attica. A daily...

Kiti Bishop Nektarios test positive to the coronavirus

Kiti Bishop Nektarios (pictured) has, according to information, tested positive for the coronavirus. It is reminded that the Bishop after coming into contact with one...

Seven new coronavirus cases detected out of 3,039 tests

The Ministry of Health has announced that 7 new cases of the SARS-CoV-II virus were detected in Cyprus over the past 24 hours out...

There will be covid cases at schools but an outbreak must be avoided, Dr. Pana says

There will be positive COVID-19 cases at schools, but we must aim at avoiding an outbreak through contamination points, said Zoe-Dorothea Pana, a Lecturer...

Mitsotakis and Tsiodras sound alarm over rise in coronavirus cases, especially in Attica

Prime Minister Kyriakos Mitsotakis and the health ministry's representative for the novel coronavirus pandemic, epidemiology expert Dr. Sotiris Tsiodras, sounded the alarm over the...

Taste

Chicken with okra and bulgur wheat

Heat the oil in a pan and sauté the okra until golden. Remove the okra, lay out in an oven tray and sprinkle with...

Swordfish with aubergines

To toast the sesame seeds: place sesame seeds in a small non-stick frying pan over low heat and stir until you begin to smell...

Ravioli

Just a little before serving, heat the broth and add the ravioli. (If the ravioli is frozen you don’t have to defrost). Heat them...

Seafood kebab with avocado salad

Place the mussels, shrimps and salmon in a bowl together with tarragon and lemon zest. Season and cover, keeping in the fridge for 15...