SINGAPORE (Sept 3): Larry Low Hock Peng, wanted by Malaysian authorities on a charge of ­money-laundering, has ceased to be a substantial shareholder in Singapore-listed Frencken Group, a company of which he was the founding chairman. Larry is the father of Low Taek Jho, better known as Jho Low, who is alleged to have masterminded the scheme to siphon billions of dollars from Malaysian sovereign wealth fund 1Malaysia Development Bhd.

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