1MDB scandal: fugitive financier Jho Low allegedly bought diamonds for his mother using stolen funds. Now the US government is seizing them

A US$1.7 million diamond jewellery set, allegedly bought for the mother of fugitive Malaysian financier Low Jho, will be handed over to the US government, US prosecutors said in a court filing.Low, known as Jho Low, has been charged in Malaysia and the United States for his role in the suspected theft of about US$4.5 billion from state fund 1Malaysia Development Berhad (1MDB).Low, whose whereabouts are unknown, has consistently denied wrongdoing.Explained: Malaysia’s 1MDB scandalIn 2017, the US…