Jho Low’s Superb $39M Trophy in L.A. Sells at a Major Loss

Published: March 24, 2020 | By: American Luxury Staff

About five months ago, Malaysian banker turned international fugitive Low Taek Jho—informally, Jho Low—reached a $700 million settlement with the U.S. Justice Department over billions of laundered funds misappropriated as part of the 1MDB fraud scandal.

This week, a house in Los Angeles that was part of that settlement sold for less than $20 million. According to public records, Jho Low purchased the property in 2012, for $38.98 million, while allegedly engaged in helping to skim billions of dollars from the Malaysian Sovereign Wealth Fund. The property was one of many that were purchased by shell companies owned by Low.

The glitzy modern is located in the Bird Streets neighborhood. The property’s 1.2 acres of grounds allow for a long driveway, which is monitored by a guard house.

The 13,156 square foot home’s interiors were, at one time, distinguished by superb materials, an atmospheric design sensibility, and an open layout that features multiple accent walls. In the shared living space, a free-standing accent wall contains a lengthy double-sided gas fireplace. Wide-plank hardwood, marble, grid lighting, and retractable or foldable glass were a few of the standout details.

That all changed when Jho Low decided, in a particularly grandiose moment, to ravage the home in preparation for a stem-to-stern renovation according to his own tastes. It’s a shame the fraud revelations interrupted the project; the results might’ve made for an interesting read.

Jho Low is still wanted by Interpol and other law enforcement agencies.

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