THE Malaysian businessman at the center of the country’s multi-billion dollar state investment fund scandal on Thursday accused Singapore of being politically motivated in linking him to its probe and prosecutions on the matter.
A spokesman for Low Taek Jho or Jho Low – who has been implicated in the 1Malaysia Development Berhad (1MDB) scandal – said in a statement that the attempt to link Low to recent guilty pleas by parties who allegedly made illicit profits through money laundering was “based on unfounded assumptions”.
Low, a close associate of Prime Minister Najib Razak and his family, did not mention names but was likely referring to Yeo Jiawei, the former BSI banker who was on Wednesday given an additional four and a half years prison sentence by a Singapore court over financial offences involving 1MDB. Reports from court had quoted Singaporean prosecutors as saying 1MDB was merely a “victim” of Jho Low, who they also named as a key figure in the scandal. Read more