Thelife
Courtesy of Douglas Elliman
- A Los Angeles mansion that used to be owned by a fugitive just sold for $18.5 million - a little less than half its purchase price.
- The fugitive, Jho Low, is wanted in connection with 1Malaysia Development Berhad, a Goldman Sachs-backed fund that turned into a massive financial scandal.
- The property spans 1.2 acres and includes everything from a 13,000-square-foot main residence to a glass-walled garage.
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This massive West Hollywood mansion was part of one of the biggest forfeiture cases in US history, Mansion Global reported.
The home was recently sold for $18.5 million to a local investor. It was previously owned by Jho Low - a fugitive Malaysian businessman who is wanted for the alleged theft of about $4.5 billion from 1Malaysia Development Berhad (1MDB). Low reportedly bought the house for $39 million in 2012.
Low, as reported by Variety, is considered one of the world's highest-profile fugitives. According to Mansion Global, he is believed to be hiding in China. Back in October, he forfeited about $700 million of his assets to the US government, of which $100 million was in the form of residential real estate located in New York, Los Angeles, and London.
According to Mansion Global, this Los Angeles compound is the first of the homes to sell.
Keep reading for a look inside the property, which spans 1.2 acres and includes everything from a glass-walled garage to a separate spa complex. Note that the pictures of the home are old and Low did damage to much of the interior, according to Variety.