(Feb 6): The US Department of Justice (DoJ) has made a move to oust Low Taek Jho, better known as Jho Low, from a group that owns the financially troubled Park Lane Hotel in New York, The Wall Street Journal (WSJ) reported.

Citing court documents, WSJ said the DoJ and New York property developer Steven Witkoff had asked a federal court to approve a plan to remove Low from the consortium which owns the hotel located in Manhattan.

“[Low]’s 55% stake in the hotel is one of the many assets purchased with what the DoJ believes were proceeds from an allegedly multibillion-dollar fraud that spanned the globe and is under investigation in multiple countries,” said the paper.

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