The South China Morning Post on 15th September that London-based libel lawyers representing a playboy financier have sent threatening letters to bookshops around the world in an attempt to block distribution of a new book detailing his alleged involvement in one of the biggest financial scandals in history.  The book – Billion Dollar Whale by Wall Street Journal reporters Bradley Hope and Tom Wright – describes how the Malaysian financier Jho Low is accused by the US government of masterminding the theft of billions of dollars from the Malaysian state-owned investment fund 1MDB, which was sent to bank accounts in Switzerland, Singapore and the Virgin Islands.  Low insists he has not broken any laws, is not guilty of any fraud and is not being investigated. His lawyers say that the allegations in the book are defamatory and wholly untrue.  In the UK, letters sent to bookstores state that the decision by some to publish a synopsis of the book constituted an actionable libel of Low.  In the UK, section 10 of the Defamation Act 2013 prevented the targeting of booksellers who were not publishers or authors unless it was not reasonably practicable to take action against the author or publisher.  Schillings have focused on the publication of synopses by booksellers as a way of applying pressure on the distribution of the book.  The article says that the move also highlights how London’s legal world remains the centre for reputation management services for the world’s super rich.

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: