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Thursday, 7 June 2018

Malaysian financier Low Taek Jho, also known as Jho Low, said he will help in an investigation of 1MDB


Jho Low says will assist probe, instructs lawyers to contact MACC


Thursday, 7 Jun 20183:11 PM MYT



KUALA LUMPUR: Malaysian financier Low Taek Jho, also known as Jho Low, said he will help in an investigation linked to scandal-hit state fund 1Malaysia Development Berhad (1MDB) after the anti-graft agency summoned him for questioning, Bloomberg reported.

Low has instructed his lawyers to make contact with the Malaysian Anti-Corruption Commission (MACC) after he was made aware they were seeking him for assistance, his representative said in an emailed statement.


He has been described as the “best witness” to provide information on alleged crimes at 1MDB.

Low, who previously said he did consulting work for 1MDB, is portrayed by some global investigators as a central figure behind some of the schemes involving missing funds at the state investment company. He has denied wrongdoing.


Malaysian investigators are focusing on a former 1MDB unit known as SRC International as they renew their investigations.

The summon for Low comes after the MACC recorded statements from former premier Datuk Seri Najib Tun Razak and his wife Datin Seri Rosmah Mansor in relation to SRC.

It’s also looking for Nik Faisal Ariff Kamil, the former managing director of the unit.

Media reports have placed Low in various places around the world including Thailand, Hong Kong and Australia, while it is unclear where Nik Faisal is.

Tun Daim Zainuddin, who was appointed by Prime Minister Tun Dr Mahathir Mohamad to help oversee Malaysia’s renewed 1MDB probe, said that he “roughly” knows where Low is and has called for him to return.The MACC is calling members of the public with knowledge of his whereabouts to contact it.


Read more at https://www.thestar.com.my/news/nation/2018/06/07/jho-low-instructs-lawyers-to-contact-macc/#UEDjux3uTyEQA7U1.99

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