One of the seized Bugatti belonged to Jho Low

One of the four seized Bugatti Veyron luxury cars in Munich is owned by elusive businessman on the run, Low Taek Jho, also known as Jho Low. He purchased it using funds from 1MDB, said Malaysian Anti Corruption Commission.

The remaining limited edition Bugattis is believed to be owned by former International Petroleum Investment Company managing director Khadem al-Qubaisi and Mohamed Ahmed Badawy al-Husseiny, the ex-Aabar CEO allegedly bribed by Low.

MACC sent investigators to Switzerland and Germany to gather details on this case.

Utusan Malaysia reported yesterday that the seized Bugattis are believed to be among 50 luxury cars linked to MACC’s 2021 probe into 1MDB.

MACC chief commissioner Tan Sri Azam Baki said the agency had already written to German authorities to get more information on the seized supercars.

“We hope to get their cooperation. Any information is pertinent to our probe,” he said, reported The Star.

German newspaper Bild reported that the supercars were seized last week from a private storage facility.

“They were tracked down and seized by the Criminal Investigation Department 7, which specialises in white-collar crimes,” reported Bild. The link to the 1MDB scandal was made by some within the judicial circles.

The cars were seized after a request for assistance from the Swiss Federal Prosecutor’s Office in Bern, with a spokesman for the Swiss prosecutors saying they were linked to ongoing criminal proceedings.

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