Limassol, Cyprus – In a stunning turn of events, the Cyprus government has officially revoked the Cypriot citizenship and passport of Malaysian-born business magnate Jho Taek Low, unleashing a storm of speculation about his hidden dealings.
This decision, marks a pivotal moment in the international saga surrounding Low, who is wanted for allegedly looting $4.5 billion from Malaysia’s sovereign wealth fund.
Sources within the government revealed that despite the initial decision to strip Low of his citizenship last year, his subsequent appeal prompted an independent committee to re-examine the case. However, the committee ultimately upheld the decision, leading to the Cabinet’s decisive action.
Low’s tangled web of connections and controversies has long cast a shadow over Cyprus, where he acquired citizenship in 2015 amidst ongoing investigations into his financial affairs. Despite being flagged as high-risk, his acquisition was facilitated through a now-defunct citizenship-by-investment program, commonly known as the ‘golden passports’ scheme.
The businessman’s lavish lifestyle, including the purchase of a €5 million seaside mansion in Ayia Napa and significant donations, has drawn scrutiny. These actions, coupled with his alleged involvement in the misappropriation of funds, have sparked outrage and calls for accountability.
With the revocation of his Cypriot passport, the spotlight intensifies on Jho Low’s elusive whereabouts and the unraveling of his complex international dealings. As the investigation unfolds, questions abound: What secrets lie buried beneath his opulent facade? What role did Cyprus play in his global operations? Stay tuned as the truth behind Jho Low’s downfall continues to unfold.
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Resources
https://cyprus-mail.com/2024/06/05/jho-lows-cypriot-passport-revoked/
