The U S Government Is Chasing Down A $1 3 Million Picasso As Part Of Ongoing Efforts To Recover Assets From Jho Low s Infamous 1Mdb Fund menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
IN 2013, fugitive-financier Low Taek Jho (Jho Low) had requested an 18-carat heart-shaped pink diamond for Datin Seri Rosmah Mansor. But as the US jeweller only had a 22-carat pink diamond at the time, the wife of former prime minister Datuk Seri Najib Razak received an upgrade. The transaction was confirmed by high-end jewellery designer to the stars Lorraine Schwartz, who has corroborated that she received payment for the controversial pink diamond necklace from funds belonging to 1Malaysia Development Bhd (1MDB).
THE name of reclusive tycoon T Ananda Krishnan surfaced on several occasions during the testimony of Timothy Leissner, the star witness in the trial of his former Goldman Sachs colleague Roger Ng Chong Hwa in a New York court. Leissner, who is awaiting sentencing after pleading guilty to various charges of fraud and money laundering pertaining to three bonds totalling US$6.75 billion Goldman Sachs raised for 1Malaysia Development Bhd (1MDB) between 2011 and 2013, said Ananda was an important client even before 1MDB was a client.