Fugitive financier Jho Low denies being ‘mastermind’ behind 1MDB

Fugitive financier Jho Low denies being ‘mastermind’ behind 1MDB
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KUALA LUMPUR (Reuters) – Fugitive Malaysian financier Low Taek Jho has said he only acted as an intermediary for deals involving 1MDB, denying in an interview published on Monday that he had set the stage for the theft of billions of dollars from the Malaysian state fund.

Low faces charges in the United States and Malaysia for his alleged central role in defrauding up to $4.5 billion from 1Malaysia Development Berhad (1MDB), founded by former Malaysian Prime Minister Najib Razak and the subject of the U.S. Department of Justice’s largest ever anti-kleptocracy case.

Low, or Jho Low as he is popularly known, has consistently denied wrongdoing and says the charges against him are politically motivated.

“People and companies act as introducers or intermediaries all the time,” Low said in an interview with Singapore’s Straits Times.

“This is not a unique situation. I was requested to assist because of my good relationships with influential foreign businessmen and decision makers.”

A spokesman for Low did not immediately respond to a request for additional comments.

Source: REUTERS

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