Villa bought by fugitive Malaysian Jho Low goes to auction after Cyprus court order

Cyprus’s anti-money laundering unit has secured a court order to auction a luxury seafront villa belonging to fugitive Malaysian businessman Jho Low — in what is believed to be the first time such a forfeiture order has been issued in Cyprus against a person without a prior criminal conviction.

The Unit for Combating Money Laundering (MOKAS) and the Law Office of the Republic brought the application before the Nicosia District Court, which approved it. The order was drawn up on Monday....