Internationally renowned stockbroker and businessman Joe Lowe, described by many as the most wanted businessman on the planet, now has a Cypriot passport, as the newspaper Politis reveals today.
Following the recent reports of Reuters about the naturalization of members of the Cambodian regime as Cypriot citizens, the local newspaper "Politis" reveals today that the wanted Malaysian has also obtained a Cypriot passport.
The Malaysian authorities had canceled his passport, issuing an arrest warrant against him while the stockbroker is also wanted by Interpol. Authorities in the United States, the United Arab Emirates, Indonesia, India, China, Myanmar and Hong Kong have also been asked to assist in locating Lowe.
Because it is wanted
The world-famous Joe Taek Low is said to have been involved in a multi-billion dollar theft scandal. The scandal broke out in 2015, regarding the management of an investment Superfund under the name 1Malaysia Development Berhad. The super-fund was the responsibility of the then prime minister of the country with an advisor himself. According to Bloomberg, Lowe set up a number of "shell companies" through which he moved hundreds of millions, many of which ended up in his own accounts.
In 2018, Malaysian police seized 284 boxes of luxury bags and dozens of bags of money and jewelry from the residence of former Prime Minister Najib Razak in central Kuala Lumpur, for the same case.
Cosmic life, parties and expensive gifts
Prior to the scandal, Lowe had met and developed friendships with several US celebrities, including Leonardo DiCaprio, Paris Hilton and Kim Kardashian. He participated in a luxury party and made very expensive gifts. To Miranda Kerr, an Australian model, former Victoria's Secret "angel" and mother of Orlando Blue's child, Lowe donated $ 8,5 million worth of diamonds to Leonardo DiCaprio for allegedly donating a Picasso painting. $ 3,5 million.
When the fraud came to light, involving 30 executives of the American investment house Goldman Sacs, the Malaysian croissant made a "lightning" trip to Cyprus, and addressed the authorities of the Republic of Cyprus, through the international company Henley & Partners, which specializes in naturalization and real estate market.
Following the procedures of the Cyprus Investment Plan, he received his brand new Cypriot passport, which was issued after his exceptional naturalization by the Council of Ministers and since then his traces have disappeared. According to information, he last gave signs of life in China, which, however, does not extradite him to Malaysia, although an international arrest warrant is pending against him. The United States is looking for him because he worked with Goldman Sacs executives, financing Hollywood Hollywood movies and buying real estate.
In order to obtain the coveted passport, Lowe had invested 5 million euros in real estate in Cyprus, according to the "golden passports" investment program. In the same way, other foreigners who are being prosecuted for criminal acts in their countries acquired Cypriot citizenship, such as two Ukrainian oligarchs who embezzled $ 5,5 billion from the Privat Bank and are accused of "laundering" them through companies in Cyprus.