Christie and Kasowitz are part of a legal team for Jho Low, a volatile Malaysian businessman who, according to US court documents, played a key role in allegedly embezzling $ 4.5 billion from a Malaysian fund called 1Malaysia Development Bhd, The Wall Street Journal reports.
The Department of Justice is now investigating whether Low paid for legal services by laundering money that was embezzled by two employees. Low's access to the global financial system has been severely curtailed since 2016, raising the suspicion that he has paid for a number of expenses.
At present, there is no conclusive evidence that a person receiving payments knew that the money could come from the funds allegedly embezzled, according to The Journal.
The United States Federal Department of Justice has filed low civil suits to reclaim assets acquired by the Department of Justice with the misappropriated funds, including villas, artwork, and a yacht. The Department of Justice is also pursuing a criminal investigation against Low, the Journal said.
Christie represents Low in cases of asset collapse in California, while Kasowitz represents the runaway Malaysian financier in matters of the Ministry of Justice.
Low also took on the services of lawyer Bobby Burchfield, who served as an external ethics consultant for the Trump administration. Ed Rogers, the Washington-based Republican lobbyist, is also said to have consulted Low about his legal issues.
Elliott Broidy, a Republican fundraiser with close ties to the Trump administration, also consulted Low, according to the report. Broidy was brought into Low & # 39; s service by Pras Michel, a founding member of the Fugees hip-hop group. He was one of the facilitators who helped Low make payments.
The Department of Justice is also investigating whether Broidy attempted to sell his influence in the Trump administration to the governments of Malaysia and China.
Low is closely associated with former Malaysian Prime Minister Najib Razak, who faces legal problems after being arrested in July in Kuala Lumpur. Najib pleaded not guilty in relation to the extensive investigation of the 1Malaysia Development Bhd Fund regarding money laundering and criminal infidelity.