Low Taek Jho (born 4 November 1981), often called Jho Low, is a international fugitive sought by the authorities in Malaysia, Singapore, and the United States in connection with 1MDB fraud. Low allegedly purchased a US$325,000 white Ferrari as a wedding gift for Kim Kardashian in 2011. The Department of Justice (DoJ) was reported to have sought restitution from other famous celebrities who had received gifts from Low, among them Leonardo DiCaprio, who has since returned Picasso and Basquiat paintings; and Miranda Kerr who returned diamond jewellery with a market value of US$8 million.
Jho Low invested $100 million for production of The Wolf of Wall Street, which was subsequently nominated for the Oscars. Leonardo DiCaprio specially thanked Jho Low for his involvement during one of the awards ceremonies. Red Granite, a productions company that was backed by Jho Low, threw a lavish party in Cannes, France, complete with a performance by Kanye West.
In June 2017, the US Government, in proceedings brought against certain assets in the Central District of California, sought return of millions worth of assets derived from the Malaysian 1MDB wealth fund. On 1 November 2018, Low and two ex-Goldman Sachs bankers were indicted by the United States Department of Justice in connection with the 1MDB allegations. None of the allegations have been proven in a court of law and Jho Low has expressly denied any wrongdoing whatsoever.
On 31 October 2019, Jho Low entered into a global, comprehensive settlement with the US government forever resolving all civil, criminal, and administrative proceedings concerning asset forfeiture claims against various Low-linked assets. The settlement did not resolve the government’s underlying money laundering and bribery charges and is not otherwise tied to the ongoing U.S. criminal case against him.