Malaysia has issued an arrest warrant against financier Low Taek Jho (Photo: mole.my) Hanoi (VNA) – Malaysia on June 7 issued an arrest warrant against financier Low Taek Jho, also known as Jho Low, to question him over involvement in a graft scandal at state fund 1Malaysia Development Berhad (1MDB), according to international media.
The Malaysian Anti-Corruption Commission (MACC) also sought to arrest Nik Faisal Ariff Kamil, a director of SRC International, a former 1MDB unit.
Warrants were also being prepared for Roger Ng, a former Goldman Sachs Group Inc banker, and 1MDB's ex-chief Shahrol Halmi.
The committee is contacting Jho Low’s lawyers and authorities of several countries in order to take him back to Malaysia for questioning.
Jho Low did not hold any official role in the fund, and only worked as an advisor on investments and negotiations deals for 1MDB.
The MACC issued a notice for Low and Nik Faisal to contact the commission immediately to help in its investigation. Low, through his lawyers, said he would cooperate.
1MDB is an investment fund formed by former Malaysian Prime Minister Najib Razak in 2009 with an aim to serve the country’s socio-economic development.
Former PM Najib was accused for the loss of billions of US dollars in transactions with other countries through the 1MDB.
However, the fund representative and Najib repeatedly rejected the accusation.
The newly-elected PM Mahathir Mohamad said that he will re-investigate the case and is determined to reclaim the loss.-VNA
VNA
