Jho Low manages companies while on the run: Report

PETALING JAYA: Fugitive financier Low Taek Jho (pix), also known as Jho Low, has continued to manage his two Hong Kong-registered companies while he is on the run from the law.
Low is listed as the CEO of private equity firm Jynwel Capital and director of non-profit group Jynwel Charitable Foundation, both based in Hong Kong.
The South China Morning Post reported that Low signed two documents to change both firms' company secretary from B & Mck Nominees to KV Pro Services in Mong Kok on July 9.
The newspaper it said is not known if Low was in Hong Kong when he signed the documents as a signatory would not need to be in the city to sign the papers.
B & Mck is a subsidiary of US law firm Baker McKenzie. A spokesman from the law firm confirmed it had ceased to work for Low's companies but declined to give the reason, the report said.
On June 26, Jho Low's older brother, Low Taek Szen, who is also managing director of Jynwel Capital as described in its promotional video, signed documents applying to the Hong Kong Companies Registry to have its name changed to Quinton Investments and for the non-profit to be called Quantima Charitable Foundation, it added.
"A source familiar with the operations of the Shanghai-based business consulting firm owned by Jynwel Capital said it had three staffers from Malaysia and Hong Kong and registered capital of US$3.3 million (RM13.4 billion)," the report said.
"The source, who spoke on condition of anonymity, said Jynwel recently tried to shut down the company, which was set up two years ago and based at Shanghai World Financial Centre."
Low is wanted by the authorities here to assist in investigations into the 1Malaysia Development Berhad (1MDB) scandal.