A court in Cyprus has ordered the seizure of a luxury villa belonging to fugitive Malaysian businessperson Low Taek Jho, better known as Jho Low, as part of anti-money laundering proceedings, CyprusMail reported.

Citing a statement from the attorney-general's office, the report said the Nicosia District Court issued the order on Tuesday following a joint application by Cyprus Attorney-General George Savvides and the country’s anti-money laundering authority, Mokas.

Lawyers representing Low reportedly...