Jho Low family dealt setback in move to claim assets in 1MDB probe

(Dec 8): Relatives of a Malaysian financier at the center of the 1MDB fund scandal were dealt a setback in their efforts to claim assets seized by the US government when a federal judge denied a motion that would have given them time to try their luck in overseas courts.

Earlier this week four relatives of Low Taek Jho filed a motion to delay the Dec 12 hearing to Jan. 23 so they could go to courts in New Zealand and the Cayman Islands to try and get real estate and other assets transferred to a new trustee.

In a one-sentence ruling, US District Judge Dale Fischer denied both the motion to postpone the hearing and a separate request to extend the deadline for filing a claim. No reason was given in the filing, dated Wednesday.

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