Kuala Lumpur: Fugitive financier Low Taek Jho, or Jho Low, was the puppet master in determining how 1MDB made its investments, despite holding no position in the government- linked company, the High Court heard during former prime minister Najib Razak’s corruption trial today.
Malaysia’s diplomatic and trade ties with Beijing outweigh its desire to seek “closure” in the 1MDB corruption scandal, causing it to turn a blind eye to fugitive financier Jho Low’s suspected whereabouts in China, according to rising political star Syed Saddiq Syed Abdul Rahman. “This, to me, is so openly and blatantly wrong. Yet we are complicit through omission and.
Published on: Thursday, January 07, 2021
By: FMT
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Mohd Hazem Abdul Rahman says Jho Low told him that 1MDB was set up to assist Umno through strategic investments.
Kuala Lumpur: 1Malaysia Development Fund (1MDB) was a company with political links and was set up to assist Umno through strategic investments, the fund’s former CEO said.
Mohd Hazem Abdul Rahman told the Najib Razak corruption trial that this was the perception he had from his conversation with Low Taek Jho, or Jho Low, during a meeting in 2012 before he joined 1MDB.
Former prime minister Najib is facing 25 charges of abuse of power and money laundering over alleged 1MDB funds amounting to RM2.28 billion deposited into his AmBank accounts between February 2011 and December 2014.