Cyprus court orders confiscation of Jho Low's property

The Nicosia District Court has issued a forfeiture order for a luxury villa in Ayia Napa belonging to fugitive Malaysian financier Jho Low. This marks the first non-conviction-based asset seizure in Cyprus, following an application by the Law Office and the Unit for Combating Money Laundering (MOKAS). The property, located in Cavo Greco, is valued at approximately 5 to 6 million euros and was reportedly built on land owned by the Church of Cyprus. The order was issued by agreement with legal counsel representing Low, under Articles 32 and 33 of the Money Laundering Activities Laws. Jho Low is subject to Interpol red notices regarding his alleged involvement in the 1MDB scandal and faces charges in Malaysia and Singapore. His Cypriot citizenship, originally obtained through the investment program in 2015, was officially revoked in 2024. The case previously involved scrutiny over a 300,000 euro donation made by Low to the late Archbishop Chrysostomos II. It remains unclear whether the proceeds from the eventual auction of the property will be repatriated to Malaysia.