Deutsche Bank cleared Cyprus money for Jho Low

Pedro Gonçalves
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Deutsche Bank cleared Cyprus money for Jho Low

Deutsche Bank cleared nearly €6m for fugitive businessman Low Taek Jho in 2015 ahead of his purchase of a house which allowed him to obtain a Cypriot passport under a scheme offering citizenship to foreigners who invest in high-end property, the Financial Times reports. The payment was made in June 2015 from Low's Swiss account at Abu Dhabi-owned Falcon Bank to the Bank of Cyprus, according to a transaction record seen by the paper.  The money transfer happened several months after allegat...

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